Acquisition is latest step in ongoing portfolio diversification strategy
PRESS RELEASE – Twin River Worldwide Holdings, Inc. recently announced that it has completed the acquisition of Affinity Gaming’s subsidiary that owns the Golden Gates, Golden Gulch, and Mardi Gras casinos in Black Hawk, Colorado. The purchase price of the acquisition was $51 million, subject to customary adjustments.
As previously announced, with the completion of this acquisition, Twin River has also acquired the right to three sports gaming licenses in Colorado in connection with the passage of Proposition DD on November 5, 2019. The company has already formed partnerships for these licenses, which will be announced at a later date.
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