twin river
Twin River Acquires Operations of Tropicana Evansville Casino from Caesars for $140M
Twin River | October 28, 2020
PROVIDENCE, R.I., Oct. 27, 2020 - Twin River Worldwide Holdings, Inc. (NYSE: TRWH) today announced that it has entered into an agreement to acquire the Tropicana Evansville casino operations from Caesars Entertainment, Inc. (NASDAQ: CZR) for $140 million. As a result of the transaction structure, Twin River will make the acquisition without any cash outlay. As part of the acquisition, Gaming and Leisure Properties, Inc. ("GLPI"), a publicly traded gaming-focused real estate investment trust ("REIT"), will acquire the Evansville casino real estate for $340 million and lease it back to Twin River for $28 million/year in rent, subject to e...
Twin River Worldwide Holdings to Acquire Jumer’s Casino & Hotel for $120M
Twin River | October 1, 2020
PROVIDENCE, R.I., Oct. 1, 2020 - Twin River Worldwide Holdings, Inc. (NYSE: TRWH) ("Twin River" or the "Company") today announced that it has entered into an agreement with Delaware North Companies Gaming & Entertainment, Inc. to acquire Jumer's Casino & Hotel ("Jumer's") in Rock Island, Illinois for a purchase price of $120 million in cash. The total consideration for the transaction represents an implied proforma purchase multiple of approximately 7.4x trailing twelve months earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") (for the period ended December 31, 2019). The multiple excludes the impac...
Twin River Worldwide Holdings to Acquire Three Casinos From Eldorado and Caesars
Twin River | April 27, 2020
Adds Eldorado Shreveport Resort and Casino, Mont Bleu Resort Casino & Spa and Bally's Atlantic City Hotel & Casino to Twin River's Portfolio Transactions Expected to be Immediately Accretive to Earnings Significantly Advances Ongoing Portfolio Diversification Strategy PROVIDENCE, R.I., April 27, 2020 -- Twin River Worldwide Holdings, Inc. (NYSE: TRWH) ("Twin River" or the "Company") today announced that it has entered into an agreement with Eldorado Resorts, Inc. ("Eldorado") to acquire Eldorado Shreveport Resort and Casino ("Shreveport") in Shreveport, Louisiana and the Mont Bleu Resort Casino & Spa ("Mont Bleu") in Lake Taho...
Twin River Completes Dover Downs Acquisition and NYSE Listing
Twin River | March 29, 2019
LINCOLN, R.I., March 29, 2019 -- Twin River Worldwide Holdings (NYSE: TRWH) announced today that it completed its acquisition of Dover Downs Gaming & Entertainment and listing on the New York Stock Exchange. Twin River Executive Chairman John E. Taylor, Jr. said, "Our management team has done a great job diversifying our revenue base and creating sustainable growth. The Dover Downs acquisition and New York Stock Exchange listing mark the beginning of a new chapter for us by adding to our geographic base, providing us currency for strategic steps and eventually leading to liquidity for stockholders." George Papanier, Twin R...
