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New Deal


Announced

Completed

Twin River Worldwide completed the acquisition of Golden Gates, Golden Gulch and Mardi Gras casinos from Affinity Gaming for $51m.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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casino

Acquisition

Casinos and Gambling

Domestic

Single Bidder

Majority

Completed

Private

United States

Friendly

Synopsis

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Twin River Worldwide, a gaming company, completed the acquisition of Golden Gates, Golden Gulch and Mardi Gras casinos in Black Hawk, Colorado from Affinity Gaming, an American private casino operator, for $51m. "Completing the acquisition of these three properties expands our footprint in Colorado well beyond our Arapahoe Park racetrack and Off Track Betting network. We are very pleased to close on this transaction, the latest in our ongoing efforts to diversify our portfolio. Equally exciting are our two additional casinos under contract in Kansas City, Missouri and Vicksburg, Mississippi, as well as our newly-formed partnerships with two well-known sports betting franchises, which we are looking forward to announcing prior to the launch of sports wagering in Colorado," George Papanier, Twin River President and Chief Executive Officer.

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