They wonder why all their good, long term employees are leaving. Pay increases were a joke and not on a frequent basis. They expected the few at work to do nothing but be at the Casino. They couldn't afford to fire anyone especially during peak Covid when extremely short staffed. Human Resources really didn't do anything except act like their was real punishment. Management focused on their own goals instead of coaching or helping the ones below them to help their department succeed. The company specializes in casino operations with slot machines, table games, hotel rooms, food and beverage outlets and entertainment venues located in Nevada. CasinoBeats is here to help you digest the latest developments around the casino gaming industry, both online and offline. If you were in Management and not in the group you were an outcast which was obvious to every employee. Most of the upper Management was in a clique. The Saint Joseph property is a nightmare that just got worse. The benefits are horrible and there is very little communication from the top down (unless flood or closure -because that messes with their bottom line so they suddenly care). However, they are sacrificing the very core of what drives that engine, the employees. It is a casino/resort business so that is obvious. I get that the company is about trying to gain the most revenue possible. Vegas Golden Knights owner Bill Foley also has a number of blank-check companies, one of which announced plans last month to merge with an online payments processing firm tied to big-name casino companies.Ĭontact Bailey Schulz at Follow on Twitter.I will start the review with the company itself. Major companies such as Virgin Galactic and Draftkings have gone public through SPACs within the last two years. Additional units are set to be listed on the Nasdaq market under the symbol GHACU. The SPAC’s management team includes Z Capital President and CEO James Zenni and Affinity Gaming CEO Mary Beth Higgins.Īffinity Gaming has agreed to purchase more than $6.7 million worth of units. Target businesses may include gaming properties or businesses, properties owned by real estate investment trusts, distributed gaming platforms, online gaming or sports wagering companies or gaming technology companies. Our Games Creative Dying Card Game Creative Dying Card Game is a conversation card game with the intention of offering a low-stakes, accessible way to have.
“We will look for opportunities where we can leverage our significant experience and expertise to help one or more businesses achieve long-term strategic and operational excellence.” “We seek to acquire one or more businesses with assets that are fundamentally sound yet are underperforming their potential,” the filing reads.
Gaming & Hospitality Acquisition has not started any serious discussions, but SEC filings say it’s targeting gaming and hospitality businesses. This style of merger gives private operating companies a fast pass through the IPO process and offers the SPAC founders a stake in the newly acquired business. SIG is the publisher of the Daily Racing Form. These entities - also referred to as special purpose acquisition companies, or SPACs - are formed solely to raise money through an initial public offering and merge with existing, operating companies. Affinity 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). Z Capital-owned Affinity Gaming is the parent company of Silver Sevens casino in Las Vegas and seven other properties across Nevada, Iowa and Missouri, according to its website.īlank-check companies such as Gaming & Hospitality Acquisition have no commercial operations. Gaming & Hospitality Acquisition, which registered for an IPO on Friday, plans to merge with its sponsor, Affinity Gaming Holdings LLC, and at least one other company. “Our … strategy will be to identify, acquire and build a company in the gaming and hospitality sectors that complements the experience of our management team,” according to a Friday filing with the U.S. The merger would take place through Gaming & Hospitality Acquisition Corp., a blank-check company with plans to raise between $150 million and $172.5 million through an initial public offering. Las Vegas-based Affinity Gaming is on the hunt for an acquisition. Affinity Gaming operates the off-Strip Silver Sevens.
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