It doesn’t mean the pandemic is over, but the re-openings have begun. Twin River Worldwide Holdings wants to be in their number.
Ninety percent of their casinos should be open in the US by June 8. Among them are Dover Downs Hotel and Casino in Dover, Delaware and Twin River Casino Lincoln and Tiverton facilities in Rhode Island.
Hard Rock Biloxi also reopened to a report of a quick 30% increase in slots year-on-year and a 150% rise in table games.
Not all will be at full player capacity and game operation given the strict disease control requirements.
According to George Papanier, Twin River President,
“We are very excited to continue to progress on our reopening plan and with the prospect of having our full portfolio opened by the beginning of July.”
Hard Rock Biloxi is evidence of a strong market demand. It’s good news for a company that is acquiring Isle of Capri Kansas City in Missouri and Lady Luck Vicksburg in Mississippi from Eldorado Gaming.
There’s more to tell. Twin River is executing agreements to purchase the Eldorado Shreveport Resort and Casino in Louisiana, the Mont Bleu Casino Resort & Spa in Lake Tahoe, and Caesars Entertainment’s Bally’s Atlantic City.
Let’s hope the ambition proves fertile. Twin River is looking forward to expanding its geographic footprint in new and lucrative markets.
Along with a recently closed acquisition in Black Hawk, Colorado, the five new properties now under contract are expected to drive sustained growth and enhance the already strong free cash flow profile of the company.