Twin River praises Dover Downs acquisition as revenue rises 29% for Q2

By Matthew Enderby

Twin River Worldwide Holdings generated revenue of $143.2m for Q2, a 29% increase year-on-year.

Gross gaming revenue grew 26% to $228m, while net income decreased 15% to $17.2m.

Adjusted EBITDA was up 7% to $47.5m as the operator singled out Dover Downs' contribution to the group, producing $25.8m of overall group revenue.

The operator said new competition it faced duringthe quarter had a greater than expected negative impact on table games at its venue in Lincoln, Rhode Island.

Overall, table game revenue decreased 34% to $7.6m, while slots decreased by approximately 17% to $32.2m.

Revenue from gaming totalled $100.2m, up 22%.

Racing revenue dropped 2% to $3.8m, hotel revenue rose 107% to $11.4m and food and beverage revenue increased 52% to $18.8m.

George Papanier, Twin River Worldwide Holdings President and CEO, said: "Our emphasis of focusing on in-market and out-of-market accretive growth is also proving itself in the early going as we continue to grow prudently into a multi-state operator based in Rhode Island versus a single regional operator."


Share This Post


More News

The Western Australian government will hold a royal commission to examine Crown Perth’s suitability to continue operating. The decision to look into the operations of the Burswood casino and resort comes soon...

This article originally appeared in the January/February edition of Gambling Insider magazine: UK gambling regulation expert Steve Donoughue has some strong views about the Gambling Commission which many may disagree with....