The completed merger between Dover Downs and Twin River Worldwide Holdings is expected by early 2019.
There’s a merger in the works at Dover Downs.
The gaming and entertainment company, known for its casino and hotel in Delaware’s capital city, has agreed to a merger with Twin River Worldwide Holdings of Lincoln, Rhode Island.
News of a definitive merger arrangement was announced in a joint July 22 press release.
The union of the publicly traded Delaware company and the private Rhode Island firm probably won’t be completed until early 2019, Dover Downs CEO Dennis McGlyn said Monday morning.
“This is the beginning of a process that probably will take six to nine months to conclude,” he said. The company must file with various licensing agencies and the Securities and Exchange Commission, McGlynn added.
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5 comments:
Just how many years have the Dems in Wilmington voted for casino tax reductions (taxpayer bailouts) to keen them afloat? Will we now need to subsidize the RI buyer?
Gambling is a big trick.....on....I can't say it it's racist and politically incorrect and I don't mean people of color.
140 million in taxpayer bailout money has went to them so far.
DE residents need to get gonads even if it means electing a witch. I mean, if the current casino operator can't turn a profit, request bids for another operator. No, Wilmington insisted on subsidizing some crime family until a buyer could be had. How did that benefit any DE taxpayers beyond those we bailed out?
How much are the Top guys making ???????
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