M&A Deal Summary

Affinity Gaming Acquires Full House Resorts

On October 22, 2018, Affinity Gaming acquired leisure company Full House Resorts from Summit Partners for 133M USD

Acquisition Highlights
  • This is Affinity Gaming’s 1st transaction in the Leisure sector.
  • This is Affinity Gaming’s largest (disclosed) transaction.
  • This is Affinity Gaming’s 1st transaction in the United States.
  • This is Affinity Gaming’s 1st transaction in Nevada.

M&A Deal Summary

Date 2018-10-22
Target Full House Resorts
Sector Leisure
Buyer(s) Affinity Gaming
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 133M USD

Target

Full House Resorts

Las Vegas, Nevada, United States
website
Full House Resorts, Inc. develops, owns, operates and manages casinos and related hospitality and entertainment facilities in regional U.S. markets. Based in Las Vegas, Full House operates five casino facilities in Mississippi, Colorado, Indiana and Nevada. Each of our gaming properties reflects a unique atmosphere custom-designed for each regional market.

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Buyer(S) 1

Buyer

Affinity Gaming

Las Vegas, Nevada, United States

website


Category Company
Founded 2010
Sector Gaming
DESCRIPTION

Affinity Gaming is a diversified casino gaming company. Affinity Gaming is dedicated to delivering a service and entertainment at a reasonable price. Affinity Gaming was founded in 2010 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Affinity Gaming - Three Colorado Casinos

Black Hawk, Colorado, United States

Affinity Gaming - Three Colorado Casinos comprises Golden Gates, Golden Gulch and Mardi Gras are located in close proximity to one another along a half-mile strip of casino and casino-hotel properties in the historic mining town of Black Hawk, Colorado, with a combined 36,000 square feet of gaming space featuring nearly 20 table games, approximately 700 slots, and a poker parlor. The properties also offer three restaurants and 24/7 bars, and one of the only parking garages in the market, with 700 spaces.

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 233 of 281
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 104 of 126
State (Nevada) 3 of 3
Country (United States) 210 of 243
Year (2018) 13 of 13
Size (of disclosed) 40 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 ApoCell

Houston, Texas, United States

ApoCell, Inc. is a molecular diagnostics laboratory that develops proprietary technology to analyze the effectiveness of oncology compounds for large pharmaceutical and biotech companies. ApoCell, Inc. was founded in 2004 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Syndigo

Chicago, Illinois, United States

Syndigo is a provider of digital content and retail omnichannel optimization solutions for the consumer-packaged goods and fast-moving consumer goods industries. Syndigo is based in Chicago, Illinois.

Buy -