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Business
November 5, 2020
Atlantic City: Twin River To Invest $90 Million Into Bally’s Atlantic City
Rhode Island-based casino operator Twin River Holdings, Inc. has committed to investing $90 million to upgrade Bally’s, Atlantic City’s worst-performing casino. Twin River Buys Iconic Bally’s Brand Bally’s Atlantic City was sold to Twin River last April at a discounted rate of $25 million. The opportunity arose as Caesars Entertainment and Eldorado Resorts were reducing […]
Sports
October 29, 2020
FanDuel to Debut Second New Jersey Sportsbook at Bally’s AC
Sports betting firm FanDuel is going to open a temporary sportsbook at Bally’s Casino, Atlantic City ahead of the launch of a permanent sports betting lounge in the spring of 2021. FanDuel to Open a Sportsbook at Bally’s Casino, Atlantic City Sports betting firm FanDuel has announced plans to open a retail sportsbook at Bally’s […]
Business
October 13, 2020
TRWH Acquires Bally’s, Plans to Rebrand Its Properties
Rhode Island-based casino operator Twin River Holdings, Inc. announced today it acquired the Bally’s brand from its owner, Caesars Entertainment, for $20 million. The deal will allow the casino operator to keep the brand for the previously purchased Bally’s Atlantic City and also rebrand all of its casino properties. Bally’s Rise and Fall Bally’s brand […]
Casino
October 7, 2020
Twin River Holdings Issues Senior Unsecured Notes for $125M
Twin River Worldwide Holdings announced yesterday it commenced an issuance of senior unsecured notes to the amount of $125 million. The new notes constitute an addition to a previous issuance of senior notes due 2027, amounting $400 million and paying 6.75%. Qualified Institutional Buyers Only The Rhode Island-based casino operator noted that the new notes […]
Casino
October 2, 2020
Twin River’s Acqusition Streak Continues with Jumer’s
Rhode Island-based casino operator Twin River Holdings announced it entered into an agreement with Delaware North Companies Gaming & Entertainment for the acquisition of Jumer’s Casino & Hotel in Rock Island, Illinois. According to the investor release Thursday, the agreed price for the deal is $120 million. Twin River Continues on Its Expansion Strategy “Even […]
Business
August 28, 2020
theScore Teams up with Twin River to Launch Online Casino in NJ
The Canadian digital media company theScore signed a multi-year partnership with Twin River securing access to New Jersey’s online gaming market. theScore plans to launch its online casino in the Garden State in the second half of next year. The Multi-Year Partnership between theScore and Twin River Yesterday, August 27, theScore and Twin River Worldwide […]
Business
August 25, 2020
Sporttrade Teams up with Twin River to Launch Sports Betting in NJ
The casino operator Twin River signed a multi-year partnership with the sports betting startup Sporttrade. Under the partnership, Sporttrade will be able to launch sports betting in New Jersey once Twin River completes the acquisition of Bally’s Atlantic City Hotel and Casino. Multi-Year Partnership between Twin River and Sporttrade The Philadelphia-based sports betting startup Sporttrade […]
Casino
August 25, 2020
Twin River May Lay off 1,300 Employees in September
More than 1,300 employees of Twin River in Rhode Island may be permanently laid off on September 30. The operator already filed the layoff notice in the state Department of labor on August 11. Twin River May Lay off Employees at Lincoln and Tiverton Properties More than 1,300 employees by Twin River who are currently […]
Business
August 7, 2020
PointsBet Teams up with Twin River for Entry in NJ’s Gaming Market
Earlier this week, Twin River and PointsBet signed a multi-year partnership. Under the partnership, PointsBet will be able to enter the New Jersey gaming market. Prior to launching, the sports betting operator will need to apply for a license from the state’s regulator. Twin River and PointsBet Signed a Multi-Year Partnership The sports betting operator […]
Casino
July 4, 2020
Twin River Completes Isle of Capri & Lady Luck Acquisitions
Twin River Holdings, Inc reported Thursday it completed the deal to acquire the Isle of Capri in Kansas City, Missouri, and Lady Luck Casino in Vicksburg, Mississippi, for a combined price of $230 million, subject to customary adjustments. Twin River Expands into Missouri and Mississippi The deal to acquire Eldorado Resorts’ subsidiary companies which own […]