Silver Sevens Hotel & Casino News

The Continental Casino & Hotel is a nostalgic tribute to the golden area of Las Vegas, celebrating a rich legacy of excitement and value.

The day is finally here, Las Vegas casinos are welcome to reopen their doors to the public again and many have done so.

Properties in Nevada, Iowa and Missouri will continue to follow the guidance of state and local authorities regarding the COVID-19 pandemic.

The Denver-based company quickly found its niche in the gaming industry and has been delivering unique programming to casino customers across the U.S. for more than a decade.

The company has partnered with Inspired Gaming in order to bring the virtual sports product to the state.

Inspired's virtual sports have been integrated with William Hill's platform at two Nevada casinos.

Virtual racing is now available at the William Hill Sportsbook & Racebook inside Plaza Hotel and Casino and Silver Sevens Hotel & Casino.

Z Capital, which already owns 40.5% of Affinity, has until Dec. 16 to negotiate with other shareholders to acquire the bulk of the regional gaming operation for $15 per share.

Moody's Investor Service gave the casino operator credit for its strong third-quarter results.

The Illinois-based investment group is now offering $13 a share to acquire Affinity, which operates 11 casinos in four states.

The Las Vegas-based casino operator made $1.99 million in the quarter that ended Sept. 30, compared to a $3.6 million net loss in the same period a year ago.

Thomas Allen of Morgan Stanley decided to take a break from the high-end hubbub of G2E last week and check out the locals scene.

David Reganato will replace Richard Parisi as the chairman of the company's board.

Affinity's CEO credits the turnaround to changes in its marketing approach.

The casino operator has twice rejected acquisition offers from Z Capital, most recently in May.

Affinity's board claims the proposed price of $9.75 per share was too low to be attractive.

Illinois-based Z Capital Partners says Affinity "has seen no meaningful board leadership or value creation for shareholders" since it was created in 2010 following the bankruptcy reorganization of Herbst Gaming.

The casino operator saw its revenue increase by 1 percent in the first quarter, but its cash flow jumped by more than 30 percent compared to the same period a year ago.

The Las Vegas-based company said Friday its net revenue for the fourth quarter was $92.3 million, a 2.6 percent increase over the 2013 fourth quarter.

Michael Silberling was named CEO of Las Vegas-based Affinity Gaming in August.