Competition in the space has been heating up over the past decade and with the recent strikedown of a federal ban on sports betting, it has only become more intense. The merger of the two companies will be the latest deal amid a wave of consolidation in the US land-based casino field. Twin River is set to begin trading on Friday, March 29, or on the very next day after the deal’s expected closure. Its new owner will go public instead and will be listed under the ticker symbol TRWH. The deal is now to be closed on Thursday, March 28.Ī joint press release by Dover Downs and Twin River stated that more than 99% of the “votes cast were cast in favor of the merger.” Once the deal is finalized, Dover Downs, which is parent company of Dover Downs Hotel & Casino in Dover, Delaware, will become a wholly owned subsidiary of Twin River.ĭover Downs is a publicly listed entity, but one the merger is closed, it will be delisted from the New York Stock Exchange. Twin River to expand to the Mid-Atlantic region with the addition of Dover Downs Hotel & Casino to its portfolio of propertiesĭover Downs Gaming & Entertainment’s shareholders approved Tuesday the company’s proposed merger with Twin River Worldwide Holdings.
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