Twin River Worldwide Holdings has acquired three casinos for a total of $180 million in sales prices.
“Despite the uncertainties presented by the current health crisis, we continue to execute our strategy to position Twin River for long-term growth and profitability,” said George Papanier, president and CEO of Twin River. “Completion of these transactions will meaningfully enhance our financial profile, while strengthening our presence in a number of key geographic markets.”
Twin River Worldwide Holdings has entered into an agreement with Eldorado Resorts to acquire Eldorado Shreveport Resort and Casino in Shreveport, La., and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nev., for an aggregate purchase price of $155 million.
In a separate deal, Caesars Entertainment Corp. and VICI Properties have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings for $25 million. VICI will receive approxim
