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. вЂњWe 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.вЂќ вЂњWe seek to acquire one or more businesses with assets that are fundamentally sound yet are underperforming their potential,вЂќ the filing reads. Gaming & Hospitality Acquisition has not started any serious discussions, but SEC filings say itвЂ™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. 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. 'Our вЂ¦ strategy will be to identify, acquire and build a company in the gaming and hospitality sectors that complements the experience of our management team,' the filing reads.Д«lank-check companies such as Gaming & Hospitality Acquisition have no commercial operations. 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.

The blank-check company plans to raise between $150 million and $172.5 million through the IPO. Gaming & Hospitality Acquisition, which registered for an initial public offering on Friday, plans to merge with its sponsor, Affinity Gaming Holdings, and at least one other company, the Las Vegas-Review Journal reports. Securities and Exchange Commission, Las Vegas-based Affinity Gaming is seeking an acquisition. The blank-check company Gaming & Hospitality Acquisition, which registered for an IPO on Friday, plans to merge with its sponsor Affinity Gaming Holdings and at least one other company.ДЄccording to a Friday filing with the U.S.

Affinity gaming