The executive stepped down as part of the agreement to merge with Twin River.
US.- Ed Sutor, president and CEO of Dover Downs, has stepped down from his position after a merger with Rhode Island-based Twin River. The move is part of the agreement with Twin River.
According to Denis McGlynn, president and CEO of Dover Downs Gaming & Entertainment, the casino’s parent company, Sutor will retire instead of occupying another role. Besides the change in leadership, McGlynn said that it is yet to be determined what other things the merger with Twin River will bring, although he doesn’t expect major changes. “I assume it’ll be business as usual with some tweaks here and there,” he said.
Twin River announced the merger back in July 2018, and said that it had reached an agreement to acquire Dover Downs. Furthermore, McGlynn believes that the merger could be of great help for Dover Downs, as when it was announced the company had lost revenue in two of the last five years and made a net profit of just US$30k in 2018.