Affinity Gaming, LLC ("Affinity Gaming") today announced that the Company has
received its Colorado gaming licenses from the Colorado Limited Gaming Control
Commission. Additionally, the Company's key executives as well as the Company's
largest shareholders, Z Capital Partners, LLC and SPH Investment LLC, were also
licensed. Receipt of the licenses enables Affinity Gaming to operate the
Company's three Black Hawk casinos - the Golden Mardi Gras Casino, Golden Gates
Casino and Golden Gulch Casino - which were acquired in February 2012. The
Company intends to close on the final portion of the transaction and assume
operational control of the properties on October 31. Affinity Gaming has
immediate plans to improve the access, layout, slot offering and food outlets of
the properties and intends to begin construction on the remodeling efforts at
the earliest opportunity.
"We are very happy to receive our Colorado gaming licenses and to begin
operating the Black Hawk properties at the end of this month," said David D.
Ross, Chief Executive Officer of Affinity Gaming. "The Black Hawk casinos are an
important part of our future and we are eager to welcome both the Black Hawk
customers and team members to Affinity Gaming."
"We think Black Hawk patrons will be thrilled with the improvements we have in
store for them," continued Mr. Ross. "Our expansion of the Mardi Gras casino
will not only give the property a dramatic new entrance, but it will allow us
the space to deliver a more comfortable and fully equipped gaming experience for
our customers. Furthermore, we are bringing in escalators to improve ease of
access and flow inside of the property and we are remodeling the third floor to
include an outstanding new buffet. Frequenters of the Black Hawk market will
quickly realize that we deliver a quality gaming experience that becomes an
essential part to each of their return visits."
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