Industry News

Twin River Sees 17% Revenue Growth in Q3 2019

Published

5 years ago

November 21, 2019

Niji Narayan

Twin River Sees 17% Revenue Growth in Q3 2019

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Twin River Worldwide Holdings has reported a revenue growth of 17% in the third quarter of 2019.

In 2018, the Q3 revenue was $110,494. This year, it brought in $129,309 by the end of September.

Last year, the company’s net income was $9.4 million. But in 2019, the net income dropped to $7.4 million.

“While we experienced the anticipated short-term impacts of new competition at our Twin River Casino Hotel in the quarter, we continued to reap the benefits of our disciplined M&A strategy, with Dover Downs and Tiverton both performing extremely well this quarter,” George Papanier, President and CEO of Twin River said.

Twin River Worldwide Holdings owns and manages four casinos, two in Rhode Island, one in Mississippi and one in Delaware, as well as a Colorado horse race track that has 13 authorised OTB licenses.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.