Merger Agreement Announced between Dover Downs & Twin River Worldwide Holdings

A merger agreement was announced Sunday between Dover Downs Gaming & Entertainment and Twin River Worldwide Holdings.  Twin River is privately held with no current public market for its stock shares, but as a condition of the closing they will register its shares with the SEC and list the shares publicly on the NYSE or the NASDAQ.  In a press release from Twin River, Dover Downs’ President & CEO, Denis McGlyn said, “We Believe this transaction will help us grow our business, invest in our people and our facilities and compete more effectively given changes in gaming on the horizon.”  The approval of stockholders is a condition to closing.  The merger is also subject to regulatory approvals and other customary closing conditions.