Gaming & Hospitality Acquisition Corp. announced a private placement of 677,500 units at a price of $10 for gross proceeds of $6,775,000 on January 15, 2021. The transaction will include participation from returning investor Affinity Gaming Holdings, L.L.C. Each unit consists of one share of our Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation. will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. The company has granted an over-allotment option of 45,000 units to the underwriters. The transaction is expected to close with the consummation of the initial public offering of the company.