Rail City Casino, a property located on the outskirts of Reno, has new owners.
Affinity Interactive sold the property to affiliates of Reno-based Truckee Gaming. The two sides expect the deal to close before the end of this year.
“As part of the Affinity Interactive family, we expanded our offerings and capabilities, allowing us to continuously enhance the Rail City experience for our valued customers and gaming enthusiasts,” said Affinity Interactive CEO Andrei Scrivens said in a statement.
Affinity Interactive noted that the property did not align with its “core business and growth strategy.” The casino is a bit of an outlier in the company’s Nevada portfolio, as it owns one casino in Las Vegas and three south of Las Vegas, including Buffalo Bill’s Resort & Casino.
Casino will boost Truckee’s small portfolio
Rail City will be Truckee Gaming’s seventh casino. Four of the company’s six current casinos are located in towns within an hour of Reno (Verdi, Dayton, Fernley):
- Gold Ranch Casino & RV Resort in Verdi
- Gold Ranch Casino and Pioneer Crossing Casino in Dayton
- Pioneer Crossing Casino in Fernley
- Pioneer Crossing Casino in Yerington
- Club Fortune Casino in Henderson
With 24,000 square feet, Rail City will be one of Truckee Gaming’s bigger casinos. The property fits in well with Truckee’s existing portfolio. The company’s casinos are one-story properties without any lodging hotel-style lodging. The gaming floor and dining areas tend to be middle-of-the-road and lack the glamour and glitz of many Las Vegas properties.
Deal between Truckee and Affinity is deja vu
Truckee Gaming launched in 2013, and when it did, the new company bought three casinos from Affinity Gaming. On Feb. 1, 2013, Affinity announced it sold the Sands Regency Casino Hotel, Gold Ranch Casino and RV Resort, and Dayton Depot Casino to Truckee. Truckee converted Dayton Depot into the Gold Ranch Casino and sold Sands Regency to Jacobs Entertainment in 2016.
In 2018, Truckee made two more major acquisitions. First, it purchased Club Fortune from Nevada Gold & Casinos for $14.6 million. Second, it bought its three Pioneer Crossings properties from Pioneer Crossings LLC.
At the time, Truckee CEO Ferenc Szony said he believed the three casinos were in locations with lots of potential for growth.
“These are three great Nevada communities poised for exciting growth, and we are excited to be a part of it,” Szony said. “With their success in economic development and the resurgence of mining and other industries, we are incredibly optimistic about Dayton, Fernley and Yerington.”