Rhode Island casino and racetrack operator Twin River Worldwide Holdings has announced that it will be reopening its remaining casinos following the strong initial results of its already re-opened properties, including Hard Rock Hotel and Casino Biloxi.
The firm stated that its property Dover Downs Hotel and Casino in Dover re-opened today on the back of other properties and that it will be re-opening a further two properties next Monday on 8th June 2020, resulting in more than ninety percent of the operator’s properties to have resumed some form of business operation.
One of the reasons the company has made such moves is because of the results experienced by its other properties in a number of states in the US. Although Twin River has implemented a phased re-opening of its venues, the company has witnessed positive outcomes in terms of customer demand with strong activity on its table games and slot machines.
Twin River, like many other casino operators in the US, is operating on adjusted measures due to the current Covid-19 pandemic.
The firm has reiterated its commitment to its initial Coronavirus re-opening plan and stated that it continues to exceed all of the guidelines set out by the Centers for Disease Control and Prevention.
In addition to the overall company re-opening plan, Twin River has implemented ‘property-specific comprehensive health and safety protocols’ in order to comply with public health officials and state regulators in each individual jurisdiction.
President and Chief Executive Officer George Papanier commented on the announcement:
“We are very excited to continue to progress on our reopening plan and with the prospect of having our full portfolio opened by the beginning of July. As evidenced by our successful reopening at Hard Rock Biloxi, there is strong market demand for which we are well-positioned as a regional gaming company focused on local and regional visitation. I am thankful and excited to welcome back our valued team members and loyal customers to safe and secure environments that meet or exceed CDC guidance.”
Furthermore, Twin River has outlined its growth plans despite the global health pandemic and is expecting the acquisition of properties Lady Luck Vicksburg and Capri Kansas City to close un July 2020.
Papanier added details of acquiring the properties:
“As we continue to reopen our properties, we are also looking forward to closing our previously announced acquisitions to expand our geographic footprint in attractive markets. Along with our recently closed acquisition in Black Hawk, Colorado, the five new properties we now have under contract are expected to drive sustained growth and enhance our already strong free cash flow profile.”
At present, Twin River currently owns and operators eight casino and racetrack properties across multiple states in Colorado and Mississippi among others.
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