Gaming & Hospitality Acquisition raised $175 million in gross proceeds in its February initial public offering (IPO) after upsizing the size of that deal to meet strong demand. вЂњTarget businesses that we are focused on in this sector include, but are not limited to, regional gaming, distributed gaming, online gaming/sports betting, and the gaming technology and equipment,вЂќ according to the SPAC. Previous regulatory documents indicate the blank-check company could pursue distributed gaming assets or regional casinos. (NASDAQ:GHACU) with the intent of identifying casino and sports wagering assets to purchase.ДЄs a result of the Affinity/SIG transaction, the SPAC will merge into Affinity Interactive and combine with another, unidentified target, according to Bloomberg. In January, Affinity merged with special purpose acquisition company (SPAC) Gaming & Hospitality Acquisition Corp. It also owns the Lakeside Hotel Casino in Iowa and the Mark Twain Casino and St. In addition to Silver Sevens, Affinity owns Buffalo BillвЂ™s, Rail City Casino, and Primm Valley Resort & Casino in Nevada. At that time, DraftKings, Flutter Entertainment, and Penn National Gaming were reported to be potential suitors. Last year, rumors surfaced about the fate of the Daily Racing Form, indicating that the venerable horse racing publication could change ownership for the seventh time in just over three decades. At the aforementioned $1.3 billion valuation, Z Capital is notching a big win with SIG, which it purchased in 2017 for less than $100 million. News of the transaction was originally reported earlier today by Bloomberg.Д¬iting unidentified sources with knowledge of the matter, the news agency reports Affinity Interactive will have nearly one million customers across the US. Should the marriage be consummated, the plan is to combine the regional casino operator and the online betting firm into a new company known as Affinity Interactive. (Image: Pinterest)ДЄffinity and SIG are controlled by investment firm Z Capital Group. Owner Affinity Gaming is merging with Sports Information Group. SIG is the publisher of the Daily Racing Form. Financial, Gaming Business, Mergers and Acquisitions.ДЄffinity Gaming, the owner of the Silver Sevens Casino in Las Vegas, is rumored to be nearing a $1.3 billion merger with Sports Information Group (SIG).

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