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Tag: Twin River

Does IGT controversy miss the point?

Hot Topic
The unfolding story over the no-bid contract extension with International Game Technology PLC for supplying technology and services to the state’s lottery system has...
CASH COLLECTIONS FOR RHODE ISLAND through the first 11 months of fiscal 2019 are ahead of the pace set for the same time period in fiscal 2018. / PBN FILE PHOTO/ARTISTIC IMAGES

State cash collections through May of FY2019 grow despite month’s drop

Government
PROVIDENCE – General revenue cash collections in Rhode Island in fiscal 2019 through May have totaled $3.6 billion, a 6.9% increase over the same...

PBN on WJAR-TV, July 1, 2019

Rich Media
As it readies for growth nationally, Twin River sees sports betting as a link to a younger demographic at home. Every week, PBN Editor Mark...
THE TWIN RIVER WORLDWIDE HOLDINGS board of directors approved a stock repurchase program that could buy back up to $250 million in stock.

Twin River announces approval of $250M stock repurchase program

Economic Activity
LINCOLN – Twin River Worldwide Holdings Inc.’s board of directors approved a capital return program that authorizes repurchasing up to $250 million in stock,...
SPORTS BETTING: Attorney Joseph Larisa, founder of Larisa Law in Providence, stands in front of the Superior Court building in Providence. Larisa is representing Dr. Daniel S. Harrop, a Providence psychiatrist who has filed a lawsuit in state Superior Court seeking to overturn state approval of sports betting unless it is approved by voters.
 / PBN PHOTO/MICHAEL SALERNO

For some, sports betting is not a panacea, it’s just illegal

Focus
Did Rhode Island voters approve sports betting when they agreed to allow table games at the state’s casinos? A lawsuit filed this month in state...

Reports: Trump tweet delays vote on bills that would allow for...

Government
TAUNTON – A vote on a pair of bills related to the Mashpee Wampanoag Tribe were delayed in the U.S. House of Representatives after...
TWIN RIVER WORLDWIDE Holdings said that if the company and the recently acquired Dover Downs had been one company in 2018, earnings for 2018 would have been $77 million, as opposed to the $71.4 million the company earned in the calendar year. The acquisition closed in late March. / COURTESY TWIN RIVER

Twin River would have posted $77M profit in 2018 if it...

Economic Activity
LINCOLN – Twin River Worldwide Holdings Inc. made a pro-forma filing with the U.S. Securities and Exchange Commission Monday, indicating that had the company...
RHODE ISLAND BETTORS bested the sportsbook in February. / BLOOMBERG NEWS FILE PHOTO/ JUSTIN CHIN

Bettors best the R.I. sportsbook during Super Bowl month

Government
PROVIDENCE – Total revenue from sports betting for the state in February was -$890,623, bringing the to-date fiscal 2019 total sports betting revenue to...
DOVER DOWNS stockholders have approved a move that would make the company a wholly owned subsidiary of Twin River Worldwide Holdings. / COURTESY TWIN RIVER

Dover Downs stockholders approve merger with Twin River

Hospitality & Tourism
LINCOLN – Stockholders of Dover Downs Gaming & Entertainment Inc. voted to approve a merger with Twin River Worldwide Holdings Inc. Wednesday, expecting the...
LEGISLATION ALLOWING for the launch of mobile sports betting in Rhode Island has been passed by the R.I. General Assembly. The governor is supportive of the legislation. / BLOOMBERG NEWS FILE PHOTO/ JUSTIN CHIN

General Assembly passes mobile betting legislation

Government
PROVIDENCE – The R.I. General Assembly approved legislation to allow mobile sports betting in the state through the Twin River casinos in Lincoln and...
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