Twin River completes acquisition of two casinos from Eldorado Resorts

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New York-listed on line casino operator Twin River Worldwide Holdings has accomplished its $230m acquisition of two venues from Eldorado Resorts in Missouri and Mississippi.

Twin River has now taken over operations on the Isle of Capri On line casino Kansas Metropolis in Missouri and Woman Luck On line casino Vicksburg in Mississippi.

The sale of the 2 casinos is a part of Eldorado Resort’s efforts to cut back debt forward of the anticipated closing of its merger with Caesars Leisure.

“Isle Kansas Metropolis and Woman Luck Vicksburg broaden our geographic footprint with belongings in enticing markets,” mentioned Twin River president and CEO George Papanier. “We imagine these belongings are an important match for our portfolio and see the chance to extend the web money movement from these properties with our redevelopment and working plans.

“We’re very happy to shut on this transaction, the most recent in our ongoing efforts to diversify our portfolio.”

The completion follows Twin River’s current cope with Eldorado Resorts to amass Eldorado Shreveport Resort and On line casino in Louisiana and the Mont Bleu Resort On line casino & Spa in Nevada, in addition to Caesars Leisure’s Bally’s Atlantic Metropolis Resort & On line casino in New Jersey.

“Equally thrilling are our three extra casinos below contract in Shreveport, Louisiana, Lake Tahoe, Nevada and Atlantic Metropolis, New Jersey,” continued Papanier. “We see important alternatives to create cross advertising and marketing connections for patrons at a number of Twin River places nationwide.”

Shares in Twin River Worldwide Holdings Inc. (NYQ:TRWH) closed 0.18 per cent decrease at $22.15 per share in New York Thursday, whereas shares in Eldorado Resorts Inc. (NSQ:ERI) closed up 0.83 per cent at $41.20 per share.

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