Twin River Sees 17% Revenue Growth in Q3 2019

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.