Twin River completes acquisition

Twin River has announced that it has completed the acquisition of three casinos located in Colorado.

US.- Twin River Worldwide has announced that it has completed the acquisition of Golden Gates, Golden Gulch and Mardi Gras casinos. The facilities from Affinity Gaming’s subsidiary are located in Colorado.

The acquisition price was US$51 million, subject to customary adjustments. Twin River has also acquired the right to three sports gaming licenses in Colorado. The company has already formed partnerships for these licenses.

“Completing the acquisition of these three properties expands our footprint in Colorado well beyond our Arapahoe Park racetrack and Off-Track Betting network,” said George Papanier, President and Chief Executive Officer of Twin River.

“We are very pleased to close on this transaction, the latest in our ongoing efforts to diversify our portfolio. Equally exciting are our two additional casinos under contract in Kansas City, Missouri and Vicksburg, Mississippi, as well as our newly-formed partnerships with two well-known sports betting franchises, which we are looking forward to announcing prior to the launch of sports wagering in Colorado.”

Together the properties contain a combined 36,000 square feet of gaming space featuring nearly 20 table games, approximately 700 slots and a poker parlor. The properties also offer three restaurants and 24/7 bars, and one of the only parking garages in the market, with 700 spaces.

“We are excited to move forward with these new acquisitions and continue to make progress towards closing other previously announced purchases as we execute on our long-term growth strategy for the company and its shareholders,” said Papanier.