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Dual River that will expand to the Mid-Atlantic section with the addition of Dover Downs Lodge & Internet casino to her portfolio of properties

Dover Downs Gaming & Entertainment’s shareholders okayed Tuesday their proposed merger with Double River Around the world Holdings. Package is now to get closed about Thursday, Drive 28.

Some joint news release by Dover Downs along with Twin Body of water stated that more than 00% of the ‘votes cast ended up cast for the merger. ‘ When the deal will be finalized, Dover Downs, that is parent provider of Dover Downs Hotel room & Modern casino in Dover, Delaware, will become a wholly held subsidiary for Twin Waterway.

Dover Lows is a publicly listed thing, but 1 the merging is shut down, it will be delisted from the Nasdaq . Its new proprietor will go people instead and will be listed within ticker symbolic representation TRWH. Twin River is ready to begin currency trading on Comes to an end, March 28, or to the very next day after the deal’s expected drawing a line under.

The merging of the a pair of companies may be the latest price amid some wave connected with consolidation in the usa land-based on line casino field. Contest in the spot has been warming up over the past years and with the recently available strikedown of a federal prohibit on sports betting, with only are more intense. As a result, a number of significant gambling action have decided to put together their organizations in an effort to safe and sound a better job in the low market .

Penn Indigenous finalized previous October the main $2. almost eight billion acquisition of partner casino user Pinnacle Leisure, while Eldorado Resorts got Tropicana Pleasure from Idaho billionaire opportunist Carl Icahn. According to recent studies, Eldorado open for early talks to merge along with Las Vegas games and hospitality powerhouse Caesars Entertainment Corp.