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.'

'We are very pleased to close on this transaction, the latest in our ongoing efforts to diversify our portfolio. 'Completing the acquisition of these three properties expands our footprint in Colorado well beyond our Arapahoe Park racetrack and Off-Track Betting network,' said George Papanier, President and Chief Executive Officer of Twin River. The company has already formed partnerships for these licenses, which will be announced at a later date. The purchase price of the acquisition was $51 million, subject to customary adjustments.Īs 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, which legalized sports wagering in the state. Twin River Worldwide Holdings announced last week that it has completed the previously announced acquisition of Affinity Gaming's subsidiary that owns the Golden Gates, Golden Gulch and Mardi Gras casinos in Black Hawk, Colorado.

The company has also acquired the right to three sports gaming licenses in the state and has already formed partnerships for these licenses. Golden Gates, Golden Gulch and Mardi Gras are located in close proximity to one another along a half-mile strip of casino and casino-hotel properties in the historic mining town of Black Hawk.

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