{"id":1446,"date":"2020-03-24T14:05:31","date_gmt":"2020-03-24T14:05:31","guid":{"rendered":"http:\/\/46.101.57.149\/?p=1446"},"modified":"2020-03-24T14:05:41","modified_gmt":"2020-03-24T14:05:41","slug":"twin-river-worldwide-holdings","status":"publish","type":"post","link":"https:\/\/www.spinsvilla.com\/twin-river-worldwide-holdings\/","title":{"rendered":"Twin River Worldwide Holdings reported a growth in their annual revenue"},"content":{"rendered":"\n<p>Twin River Worldwide Holdings reported a\ngrowth in their annual revenue, however, they witnessed a decline in net income\nin the last quarter of the year 2019.<\/p>\n\n\n\n<p>According to the statistics revealed this\nTuesday, TWRH earned whopping revenue of $130.4 million. The casino operators\nmanaged to generate this profit within the last three months in 2019. The\nrevenue suggests a growth by 17%, showing the amalgamation of the unit with the\ncompetitors Dover Downs Hotel &amp; Casino. The latter had a major contribution\nto the annual revenue of Twin River Worldwide Holdings. $27.6 million was\ncontributed by their rivals \u2018Dover Downs\u2019. Despite the growth in revenue, TRWH\nrevealed that their operating income fell 16.4 percent to $29 million. On the\nother hand, the net income fell to $13.35 million (declined by 40%).<\/p>\n\n\n\n<p>The commencement of Wynn Resorts\u2019 Encore\nBoston Harbor in Massachusetts has been the reason for a major decline in\nTRWH\u2019s casino revenues this year.<\/p>\n\n\n\n<p>Twin River Worldwide Holdings generated\napprox $523.6 million (one-fifth growth from 2018). However, the company\u2019s\noperating income fell to $114.6 million, while its net income also witnessed a\n22.8% drop. It came down to $71.4 million.<\/p>\n\n\n\n<p>The reports generated exclude the income\ncontributed by the three major casinos that Twin River Worldwide Holdings had\ncaptured at the beginning of 2019. According to the sources, TRWH is expecting\nan expansion in its casino operations. It is likely to happen when Lady Luck\nVicksburg and Isle of Capri Kansas City will close.<\/p>\n\n\n\n<p>The reports further include the list of\nthe casinos that are operated and managed by Twin River Worldwide Holdings. The\nlist includes one casino in Mississippi, three units in Black Hawk, two casinos\nin Rhode Island, and a single casino in Delaware. In addition to casinos, TRWH\nowns a racetrack and holds the 133 off-track sports betting licenses.\nConsidering all its belongings, the company is anticipating its 2020 revenue to\nbe somewhere around $180 million, an 8% increase.<\/p>\n\n\n\n<p>Twin River Worldwide Holdings signed a\njoint venture contract with IGT (International Game Technology). These tech\nsuppliers are supposed to fix TRWH\u2019s issue of the electronic gambling systems\nthat are installed in the Rhode Island casinos that Twin River Worldwide\nHoldings is operating.<\/p>\n\n\n\n<p>Even though the deal is not expected to\ncome into effect by 1<sup>st<\/sup> January 2022, TRWH expects the tech\nsuppliers to provide the Rhode Island casinos with electronic gaming machines\nby July in 2020. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twin River Worldwide Holdings reported a growth in their annual revenue, however, they witnessed a decline in net income in the last quarter of the year 2019. According to the statistics revealed this Tuesday, TWRH earned whopping revenue of $130.4 million. The casino operators managed to generate this profit within the last three months in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Twin River Worldwide Holdings reports a growth - Spinsvilla Gambling News<\/title>\n<meta name=\"description\" content=\"Twin River Worldwide Holdings reported a growth in their annual revenue. 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River Worldwide Holdings reported a growth in their annual revenue, however, they witnessed a decline in net income in the last quarter of the year 2019. According to the statistics revealed this Tuesday, TWRH earned whopping revenue of $130.4 million. The casino operators managed to generate this profit within the last three months in&hellip;","_links":{"self":[{"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/posts\/1446"}],"collection":[{"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/comments?post=1446"}],"version-history":[{"count":1,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/posts\/1446\/revisions"}],"predecessor-version":[{"id":1448,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/posts\/1446\/revisions\/1448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/media\/1447"}],"wp:attachment":[{"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/media?parent=1446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/categories?post=1446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spinsvilla.com\/wp-json\/wp\/v2\/tags?post=1446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}