Twin River also owns the former Hard Rock Biloxi in Mississippi and a Colorado racetrack. It will simultaneously close the Newport Grand Casino in Newport, its former rival, which Twin River purchased in 2015. Twin River Worldwide Holdings is in the midst of a major expansion, including the opening of a larger casino, the Tiverton Casino Hotel, on September 1. The casino hosted the start of full-blown live sports betting in Delaware in early June, beating New Jersey as the first state outside of Nevada with full sports books.ĭover Downs officials call the Twin River merger a new beginning financially, as the company has lost money two of the past four years, including a $1 million loss last year. The Delaware legislature just voted a major tax break for the state’s three casinos, which has led to Dover Downs embarking on construction of a new restaurant and other amenities. The parent company of Rhode Island’s Twin River Casino will acquire Delaware’s Dover Downs Gaming and Entertainment and its Dover Downs racino, in a stock-swap deal that will merge the two operators into a single public company.ĭover Downs, Delaware’s only public casino, has struggled for years to maintain profitability in the face of new competition in Maryland and Pennsylvania.
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