After purchasing Affinity Gaming this past year, private equity management firm, Z Capital Partners, has now announced the hiring of seasoned industry professional, Anthony ‘Tony’ Rodio, to function as the American casino operator’s latest Chief Executive Officer.
Hired to help accelerate growth:
Z Capital Partners, which is a subsidiary of Z Capital Group, comprehensive Rodio’s appointment through a official Monday press launch and declared that he is currently due to be tasked with accelerating the Las Vegas-based firm’s growth whilst enhancing ‘participant experience.
Affinity Gambling is responsible for eleven casinos in four states such as the 777-room Whiskey Pete’s Hotel and Casino near Las Vegas as well as Colorado’s Golden Gates Casino, Golden Gulch Casino and Golden Mardi Gras Casino. It was acquired by Z Capital Group via a $580 million deal in February of 2017 with a goal of expanding to further markets while progressing profitability through a string of improved efficiencies and operating progress.
Owner hails ‘recognized executive’:
The firm described Rodio as ‘a proven executive with over three decades of experience in the gaming industry and a strong history of transformative growth’ that had formerly served as President and Chief Executive Officer for rival casino firm Tropicana Entertainment Incorporated.
Attractive track record:
James Zenni,” Chairman and Chief Executive Officer for Z Capital Partners, proclaimed that Rodio was accountable for ‘unprecedented growth’ while at his prior firm as Tropicana Entertainment Incorporated grew its gross earnings by over 50% by entering regional niches and instituting operational advancements. He said that the executive moreover oversaw major capital projects that comprised the $200 million renovation of Tropicana Atlantic City.
Zenni’s statement read…
“We are committed to Affinity Gambling becoming a pioneer in the neighborhood casino market and Rodio’s career achievements make him uniquely qualified to lead the company in its next phase of growth and advancement. Rodio is one of the highest executives in the gaming business and I’m confident that he is the correct man to drive Affinity Gaming’s continuing growth and improved commitment to the participant experience. I look forward to working closely with him in this new role. ”
For his role, Rodio clarified linking Affinity Gambling as ‘an honor’ before proclaiming that he’s now looking forward to working with Z Capital Group, he called ‘an experienced and recognized investor in the gaming market.
Rodio’s statement read…
“I look forward to leading Affinity Gambling in its next phase of growth and I am eager to partner with our management group and general managers to enhance the experience for our valued clients. ”