Twin River cancels secondary stock offering

PROVIDENCE – A potential secondary stock offering from Twin River Worldwide Holdings Inc. has been canceled due to the withdrawal by selling existing shareholders, the company announced Thursday.

The company had announced the potential of the offering last week in tandem with another announcement that its board had authorized the repurchase of its stock up to $250 million. The repurchase plan is unaffected by Thursday’s announcement.

Following the purchase of Dover Downs Gaming & Entertainment Inc. earlier in 2019, the company went public.

Twin River owns and operates Twin River Casino Hotel in Lincoln and Tiverton Casino Hotel in Tiverton, among other assets out of state. The company also recently announced that it was relocating its headquarters to Downtown Providence from Lincoln.

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