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New chairman appointed at Affinity Gaming’s board of direction

affinity gamingAmerican land-based and online sportsbook operator Affinity Gaming has announced that its board of directors has named Richard Parisi from Silver Point Capital to succeed Don Kornstein as its chairman.

Las Vegas-based Affinity Gaming stated that Parisi is a ‘senior investment professional’ with Silver Point Capital, which is its second largest stockholder, and was first elected to its board of directors in May.

“Rich and I have gotten to know one another well over the past few months and I am excited about working with him in our efforts to create additional value for all of our stockholders,” said David Ross, CEO for Affinity Gaming.

“Don has made enormous contributions to Affinity Gaming since he joined the board in December of 2010. His insight, creativity and leadership have been extremely valuable to Affinity Gaming, our employees and our shareholders.”

Last month saw Affinity Gaming ink a deal that will see British betting giant William Hill run sportsbooks for its Nevada properties while additionally providing the operator with access to its mobile sports wagering applications for use with iPhone, iPad, Android and BlackBerry devices.

“I am very pleased to be given this opportunity to help contribute to the company’s success,” said Parisi.

“I look forward to working with the other members of the board and with management in these efforts.”

“After two and half years as chairman and with the recent expansion of the board, I felt it was the right time to pass the baton, enabling me to have the time to pursue other opportunities and interests,” said Kornstein, who is to remain a member of Affinity Gaming’s board of directors.

“I am very proud of what Affinity Gaming has achieved during my tenure as chairman and it has been a truly gratifying and rewarding experience. I am confident that the management team and board have what it takes to lead Affinity Gaming through the next exciting chapter of its history.”