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US – Z Capital to buy remaining shares in Affinity

Investment manager Z Capital Partners has bought Affinity Gaming, an operator of 11 value-orientated casinos with 11 properties in Nevada, Colorado, Missouri and Iowa, for US$580m. Under the terms of the agreement, Z Capital and its affiliates, which currently own approximately 41 per cent of Affinity’s outstanding shares, will purchase Affinity’s remaining outstanding shares for…