May25
Affinity Gaming Unloads Three Casinos to Twin River
February 17, 2020 TamaraTam
Affinity Gaming has just revealed that it finalized the sale of three casino venues to Twin River Worldwide Holdings, Inc. The operator has vended three properties including Golden Gates, Golden Gulch, and Mardi Gras for a reported sum of $51 million.
More About Casinos
Affinity Gaming unloaded casinos situated near Colorado mining location west of Denver.
All three properties are just a half-mile from Black Hawk casino and hotel amenities. The sold venues stretch over 3600 square feet of gaming space and include over 700 slot machines and 20 table chances.
Visitors can also spend some time in restaurant and bars which are available 24/7. Additionally, there are 700 garage spots for people who come to enjoy the gambling experience.
Official Statements
Commenting on the latest move, Chief Executive Officer at Affinity Gaming, Mary Beth Higgins said:
“We are pleased to complete the sale of these three casino properties as we sharpen our focus on Affinity’s other key markets in Nevada and the Midwest. We remain committed to driving sustainable, long-term growth, while further enhancing Affinity as a local casino leader by continually improving the customer and guest experience at our properties.”
President and CEO of Twin River, George Papanier noted:
“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.”
He concluded:
“We are excited to move forward with these new acquisitions and continue to make progress towards closing other previously announced purchases as we execute on our long-term growth strategy for the company and its shareholders.”
Twin Operation
With the completion of the recent acquisition, Twin River is happy to possess seven gambling facilities in the Rhode Island.
The operator also holds a race track located in Colorado, and five hotels, four of which are connected with Twin casinos.
Source:
„Affinity Gaming sells three casinos to Twin River“, Ad Miral, calvinayre.com, January 27, 2020.
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