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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.Papanier’s statement read…“Over the last several years we have demonstrated an ability to integrate and operate acquired casino assets.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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We believe this experience will prove valuable as we look to further enhance the financial performance of Jumer’s Casino and Hotel. In particular, we believe there is an opportunity to improve operations and enhance revenues at the property, which will allow us to lower our acquisition multiple.Advantageous acquisition:Twin River Worldwide Holdings Incorporated detailed that the property in the city of Rock Island features a 205-room hotel with eleven luxury suites alongside a 40,000 sq ft casino offering approximately 870 slots and 25 gaming tadoubledown casino free spins vswibles....

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We look forward to the opportunity to leverage our operational expertise and proven integration approach to drive incremental revenues and cash flow improvements. The New York-listed firm had earlier purchased Colorado’s Golden Gates Casino, Mardi Gras Casino and Golden Gulch Casino properties and is soon set to take over the running of the Eldorado Resort Casino Shreveport, Montbleu Resort Casino and Spa Lake Tahoe and 1,251-room Bally’s Atlantic City venues.’ He furthermore asserted that the arrangement ‘is expected to be immediately accretive to earnings’ and will position the up-and-coming operator to potentially capitalize on sportsbetting opportunities in the Midwestern state....
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