![]() ![]() Szony said the timing for the transaction “is perfect” given the growth and changes in the Sparks gaming market. Szony said Rail City’s 100 employees give Truckee Gaming a workforce of roughly 500 companywide.Ī sale price for Rail City was not disclosed and the transaction is expected to close by the end of the year, pending Nevada regulatory approval. The company also owns Club Fortune Casino in Henderson. Truckee Gaming, which is based in Reno, owns Gold Ranch Casino & RV Resort in Verdi, Gold Ranch Casino in Dayton and three Pioneer Crossing Casinos in Dayton, Fernley and Yerington. A lot of the same employees are still at Rail City and we look forward to welcoming them back into the company.” “We just couldn’t come to an agreement on Rail City,” he said last week after the sale was announced. Two years after Herbst’s bankruptcy reorganization was finalized in 2011, Szony, who joined Herbst as an executive in 2007 and was helping steer the company through the post-bankruptcy matters, took back ownership of three of the casinos when he formed Truckee Gaming in 2012. Szony, the CEO and managing partner of the Reno-based company, operated Rail City and several other Northern Nevada gaming establishments more than a decade ago when they were sold to Affinity’s predecessor, Herbst Gaming. Last week, Affinity Gaming announced it was selling Rail City Casino in Sparks to Truckee Gaming, reuniting the property with its former owner. Northern Nevada casino operator Ferenc Szony has put the band back together. If a colleague or associate emailed this newsletter to you, please click here to sign up and receive your own copy of Indy Gaming in your inbox. Follow on Twitter.Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. The management changes are subject to licensing and regulatory approval in four states.Ĭontact reporter Howard Stutz at or 70. “I look forward to working together as we capitalize on Michael’s extensive gaming experience and take Affinity to the next level.” “We now have the right board and leadership in place to focus on executing the company’s business strategy,” Zenni said. ![]() Parisi is senior analyst for Silver Point Capital of Connecticut, which owns 25.1 percent of the company.Īffinity is not publicly traded, but has $382.7 million in long-term publicly-held debt. Cacioppo is managing partner and portfolio manager of One East Capital Advisors. Scrivens is Z Capital’s managing director. Zenni is the CEO of Illinois-based Z Capital, the company’s largest shareholder, which holds a 33.7 percent stake. On Tuesday, the company named James Zenni, Andrei Scrivens and James Cacioppo to the board. Last month, Affinity announced a restructuring of the company’s board to include seven directors. “I look forward to leveraging my operational and regional experience to ensure that Affinity grows its competitive position in the markets in which it operates.” “There is a meaningful opportunity to establish Affinity as the premier operator of regional gaming assets,” Silberling said. ![]() The company also owns three Colorado casinos, two casinos in Missouri and an Iowa casino. In Nevada, Affinity operates five casinos, including the three Primm resorts and the off-Strip Silver Sevens. “Michael understands the business and we are confident in his ability to help Affinity achieve its strategic objectives,” Parisi said. Recently, Silberling was president of Caesars’ international operations, overseeing 12 resorts in seven countries.Īffinity officials said Silberling oversaw Harrah’s casinos in Iowa and Missouri, two of Affinity’s regional markets.Īffinity Chairman Rich Parisi said Silberling was appointed after a “comprehensive” candidate search. Silberling spent two decades with Caesars, which included casino operation roles when the company was known as Harrah’s Entertainment. Silberling will also take Ross’s position on the company’s board. The Las Vegas-based casino operator, which owns 11 properties in four states, selected Michael Silberling as CEO, replacing David Ross, who announced earlier this year he would leave the company at the end of July. executive as CEO and appointing three new board members. (Las Vegas Review-Journal file)Īffinity Gaming completed the remake of its corporate leadership Tuesday, naming a long-time Caesars Entertainment Corp. Affinity Gaming operates the off-Strip Silver Sevens. ![]()
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