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Parisi New Affinity Chairman

Nevada-based Affinity Gaming has announced that Richard Parisi of Silver Point Capital will become the gaming operator’s chairman of the board, succeeding Don Kornstein.

Parisi is a senior investment professional with Connecticut-based hedge fund Silver Point Capital, Affinity’s second-largest shareholder. He was elected when the company increased the board’s size from five to seven. Kornstein was re-elected and will remain a member of the board.

Silver Point Capital owns 24.9 percent of the company, second only to private equity firm Z Capital Partners, which controls 30.5 percent of Affinity stock.

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