Golden Gulch Casino, owned by Twin River Worldwide Ho ldings, is the land-based license partner for FanDuel Sportsbook. BetMonarch Unlike the other mobile sportsbook brands on this list, BetMonarch is a homegrown product.
Sports betting included
Twin River Worldwide Holdings has announced an agreement with Caesars Entertainment to acquire the Tropicana Evansville Casino in Indiana for $140m. The transaction’s structure will allow Twin River to take over the property without a cash outlay.
As part of the deal, Twin River will obtain the unencumbered rights to sports betting associated with the Evansville operations, along with the online gambling skins.
Acquisition details
Twin River is not the only company involved in the deal. According to the details of the acquisition, Gaming and Leisure Properties, Inc. (GLPI), a publicly traded gaming-focused real estate investment trust, will acquire the casino real estate for $340m. GLPI will then lease it back to Twin River for $28m per year. This deal will be subject to escalation.
Part of the transaction also includes GLPI acquiring the real estate of a Twin River property in Dover, Delaware for $144m. The property will be leased back to Twin River for $12m a year, also subject to escalation.
Plainridge Park Casino
Twin River president and chief executive officer, George Papanier, commented on the new transaction, stating that it is consistent with the company’s core strategy of acquiring strategic gaming assets at attractive valuations. The acquisition of the Tropicana Evansville Casino marks the tenth state in which Twin Rivers has operations.
We believe this property is a great fit for our portfolio.”
Papanier said the property will provide the company with access to the gaming market in Indiana where Twin River will look to advance its mobile and online sports betting and online gaming services.
We believe this property is a great fit for our portfolio,” Papanier added.
Acquiring Bally’s branding rights
The Evansville deal is not the only time Twin River has worked with Caesars this month. In mid-October, Twin River acquired the Bally’s casino brand from Caesars Entertainment for $20m.
Twin River Online Casino
Twin River plans to use the Bally’s name to rebrand almost its entire portfolio of properties. As part of the deal, Caesars will be allowed to keep the Bally’s name on its existing property in Las Vegas. Twin River Worldwide Holdings chairman Soo Kim sees the deal as an opportunity to revive a brand that is synonymous with American gaming.
Sportsbook open November 30th for ticket redemption!
The Tiverton Sportsbook will be open on Monday, November 30th from 11am – 9pm for guests to redeem winning Sportsbook tickets, and non-IRS VLT/Slot Tickets. Guests should enter the building through the main entrance to be escorted to the Sportsbook.
Sportsbook Online Account Activation – Now Available!
Download and bet within minutes.
WE ARE OPEN!
Monday – Friday: 10am – 8:30pm
Saturday & Sunday: 9am – 9pm
Sportsbook and Redemption Info
Patrons who have been holding refunded or winning tickets prior to the temporary closure of the two Rhode Island casinos due to COVID-19 will be able to visit our Sportsbook. Please visit the casino you purchased your ticket at.
A validation-only terminal will be available AFTER SPORTSBOOK HOURS at the casino cage for guests who want to cash-out sports bet tickets.
Twin River Casino Sportsbook Online Casino
*Sports bet tickets are good for one (1) year. Any Sportsbook ticket/refund that expired during our closure will be extended until October 31, 2020.
Mobile Sports Betting
Now open in Twin River Casino Hotel and Tiverton Casino Hotel! Our all new Sportsbooks allow you to wager on your favorite pro and college teams. Presented by the Rhode Island Lottery, powered by William Hill and hosted by Twin River and Tiverton Casinos. Your pick. Your bet. Your win. Only in Rhode Island.