Z Capital Group, a privately held global investment firm with complementary private equity and credit businesses, said its new SPAC Gaming & Hospitality Acquisition completed its upsized IPO. The new SPAC raised 33 percent more than the originally planned $150 million.
The SPAC will focus on regional gaming, distributed gaming, online gaming / sports betting and gaming technology and equipment. Additionally, the SPAC plans to merge with Affinity Gaming, a diversified casino gaming company headquartered in Las Vegas, and an indirect wholly owned subsidiary of the SPAC’s sponsor. Read more.
