Casino Acquisitions
Antitrust analysis of casino mergers and acquisitions: What executives and in-house counsel need to know Steven A. TennAntitrust & Competition While the gaming industry is familiar with the regulatory scrutiny that often follows mergers and acquisitions, antitrust reviews may be more of a mystery. Mergers and Acquisitions Gaming operator alliances, buyouts, and conglomerations in the US and around the world. Covering the power players on the Las Vegas Strip, in Macau, and throughout North.
Greetings to our new family in Vicksburg!
As the President and CEO of Twin River Worldwide Holdings, Inc., I am proud to announce that as of Wednesday, July 1, we have acquired Lady Luck Casino Vicksburg in Vicksburg, Mississippi and Isle of Capri Casino Kansas City in Kansas City, Missouri from Eldorado Resorts, Inc.
We are excited to become part of this historic river city and have great plans for this property! We expect to substantially reposition the casino in this market and will be working diligently on these enhancements in the near future.
I want to share a little background on who we are. With these acquisitions, we now own and manage nine casinos, two in Rhode Island, two in Mississippi, one in Delaware, one in Missouri, and three casinos as well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Besides our current acquisitions, properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Our casinos range in size from 695 slots and 17 table games combined for Colorado facilities to properties with over 4,100 slots, 114 table games, and 38 stadium gaming positions, along with hotel and resort amenities.
Eldorado Casino Acquisitions
The entire TRWH portfolio of properties allows our guests access to over 10,860 slots machines, 294 table games, 56 stadium gaming seats, and 1,287 hotel rooms and suites throughout the country. We also have several music venues, including large-scale entertainment venues located in New England, the Gulf Coast and in Delaware, showcasing headline entertainment such as Lynyrd Skynyrd, Meatloaf, Bad Company, Little Big Town, Steve Miller Band, Foreigner, Rick Springfield, Aaron Lewis, Pat Benatar, Toto, Gavin DeGraw and more. And of course, countless dining options for our guests to enjoy, including well-known brands like Ruth’s Chris Steak House, Sugar Factory and Longo’s Meatballs & Martini’s.
We also recently announced the acquisition of Bally’s Atlantic City Hotel & Casino in New Jersey, conveniently located at the center of the AC boardwalk and are expected to close on that property later this year. In addition, we expect to complete plans to acquire Eldorado Shreveport Resort and Casino in Louisiana and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nevada in early 2021. We look forward to providing you with even more exciting gaming experiences as we continue to grow our company and expand into some of the most exciting gaming markets in the nation. We look forward to getting to know you in the coming months.
Casino Mergers And Acquisitions
George Papanier
President & Chief Executive Officer
Twin River Worldwide Holdings, Inc.