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Twin River set for Illinois expansion with Jumer’s acquisition

| By Aaron Noy
Twin River Worldwide Holdings is to expand its land-based presence into Illinois after agreeing to acquire Delaware North’s Jumer’s Casino & Hotel in Rock Island.

Under the deal, Twin River will pay $120.0m (£93.0m/€102.3m) to purchase the property, financing the acquisition with a combination of cash on hand, cash from ongoing operations and borrowings under a revolving credit facility.

Located in Quad Cities in Rock Island, Illinois, Jumer’s has a 40,000sq ft casino floor featuring more than 870 slot machines and 25 table games, as well as a 205-room hotel, an events center, sports bar, nightclub and four restaurants.

Subject to regulatory approvals and other customary closing conditions, as well as a customary working capital adjustment, the transaction is expected to close during the second quarter of 2021.

Should the acquisition go through as expected, it would expand Twin River’s land-based network to 13 properties across nine states.

Read the full story on iGB North America.

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