Z Capital’s Affinity Gaming, Sports Info Group Said to Merge

Z Capital Group agreed to merge two of its portfolio companies, Affinity Gaming and Sports Information Group LLC, to create a new entity valued at about $1.3 billion, including debt, according to people with knowledge of the matter.

The transaction combines Las Vegas-based Affinity Gaming, which operates eight regional casinos in Nevada, Missouri and Iowa, with SIG, the owner of horse-racing data and media platform Daily Racing Form, which also specializes in online betting.

The new entity, called Affinity Interactive, will have a combined customer base of almost 1 million across the U.S., said the people, asking not to ...