Operator News
US – Dover Downs drives increase at Twin River
By Phil - 6 March 2020
The inclusion of results from Dover Downs Hotel & Casino helped push Twin River Worldwide Holdings’ Gross Gaming Revenue for the fourth quarter up by 12.9 per cent to $207.2m.
Dover Downs continued to exceed expectations contributing $27.6m of revenue to the company’s results. New competition in the New England market, and the associated increases in marketing and promotional activity, continued to negatively impact revenue in the fourth quarter at the company’s Twin River Casino Hotel Lincoln, however, the company noted that the impacts have moderated and revenue has showed signs of stabilisation. Tiverton Casino Hotel, which opened in September 2018, continued to demonstrate marked resilience in the face of the new regional competition mentioned above. Also, overall performance at Hard Rock Hotel & Casino Biloxi remained strong.
Overall gaming revenue increased by $4.7m, or 5.6 per cent, to $88.5m, food and beverage revenue increased $7.1m, or 56.7 per cent, to $19.5m, and hotel revenue increased $4.5m, or 78.9 per cent, to $10.2m, in each case, in the fourth quarter of 2019 compared to the same period in 2018.
Twin River Worldwide Holdings, Inc. owns and manages seven casinos, two in Rhode Island, one in Mississippi, one in Delaware, and three casinos as well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Properties include Twin River Casino Hotel, Tiverton Casino Hotel, Hard Rock Hotel & Casino, Dover Downs Hotel & Casino, Gates Casino, Golden Gulch Casino, Mardi Gras Casino, and Arapahoe Park racetrack. Its casinos range in size from 695 slots and 17 table games combined for its Colorado facilities to properties with over 4,100 slots, approximately 125 table games, and 48 stadium gaming positions.
