Caesars Entertainment<\/a>. The two firms were scrutinized for allegedly splitting Caesars’ prime assets from its weak ones into two separate companies to avoid paying creditors.<\/p>\nA court-ordered investigation last spring into whether Caesars’ restructuring was unlawful found that the company did indeed organize itself into separate units to free the business from certain debts.<\/p>\n
Affinity Gaming is hoping more honest operations will come with Z Capital. So are the company’s 3,400 full and part-time employees.<\/p>\n
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Affinity Gaming is selling its 11 casinos to Z Capital Partners, a private equity firm based in New York and Illinois, for $580 million. The all-cash deal gives Z Capital the remaining 59 percent of Affinity to go along with its current 41 percent stake in the Las Vegas casino company. Z Capital will pay […]<\/p>\n","protected":false},"author":42,"featured_media":38824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Affinity Gaming Acquired by New York Private Equity Firm<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n