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American casino operator Twin River Worldwide Holdings Incorporated has announced the signing of an all-cash deal that is to see it pay some 0 million so as to acquire Jumer’s Casino and Hotel. It explained that the venue moreover comes complete with an events center, four restaurants and a nightclub with its purchase due to take the Rhode Island-based operator’s nationwide portfolio of gambling-friendly properties up to 13. It provides access to a growing gaming market in Illinois with the potential to capitalize on lucrative sportsbetting opportunities....
We believe this experience will prove valuable as we look to further enhance the financial performance of Jumer’s Casino and Hotel.Commenting on the content integration, Vice President for Svenska Spel Sport & Casino, Jonas Nygren said…“We are very happy to have NetEnt Live on-board and look forward to be offering their games to our players.After a successful technical integration, the Swedish online casino software provider’s Auto Roulette Studio, Blitz Blackjack, and Perfect Blackjack games are available with one of the Scandinavian nation’s biggest operators, while increasing NetEnt’s presence in the live casino market....
We look forward to the opportunity to leverage our operational expertise and proven integration approach to drive incremental revenues and cash flow improvements.The Providence-headquartered firm used an official Thursday press release to declare that the western Illinois facility is currently owned by Delaware North Companies Gaming and Entertainment Incorporated but is expected to change hands by the end of June ‘subject to receipt of required regulatory approvals and other customary closing conditions’ as well as ‘a customary working capital adjustment’.“Launching with Svenska Spel Sport & Casino is a major step in the growth of our live casino business....
Read a statement from Papanier…“This acquisition further expands our geographic reach into yet another attractive market. We look forward to the opportunity to leverage our operational expertise and proven integration approach to drive incremental revenues and cash flow improvements.Purchase particulars:George Papanier, President and Chief Executive Officer for Twin River Worldwide Holdings Incorporated, used the press release to proclaim that the transaction is to be funded ‘with a combination of cash on hand, cash from ongoing operations and borrowings’ and will advance his firm’s ‘ongoing portfolio diversification strategy’ by giving its immediate access to the ‘attractive Illinois gaming market....
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