Twin River adopted a post-pandemic strategy to appeal to “pure gamers”, and cut back on costs.
US.- Casino operator Twin River Worldwide Holdings has reported a year-over-year decrease in revenue for the third quarter of just ten per cent, marking a significant recovery in light of the continued impact of the pandemic on gaming.
The Rhode Island-based company reported revenues of $116.6m in the three months ending September 30.
Twin River has previously mentioned that its post-pandemic strategy was to appeal to “pure gamers”. This is reflected in the report, which shows a steep decline in food and beverage sales but a 9.4 per cent improvement in gaming revenue.
Twin River has also reduced marketing spending, eliminated lower margin amenities and made labour savings.
The third quarter report is the last financial report to be released before Twin River’s rebranding as Bally’s Corp from November 9.