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Twin River Worldwide Releases Q2 Results, Shows US Growth

Twin River Worldwide Releases Q2 Results, Shows US Growth

by Michael Molter | Aug 12, 2019 2:48 pm | Revenue

Twin River Worldwide Holdings has over $383 million in cash and cash equivalents at the time of reporting. To end July, the company executed their capital return program, funded from cash on hand. Purchasing more casinos about the country, Twin River is operations in...
Rhode Island Sportsbooks Starting To Win, Post Highest Hold Percentages

Rhode Island Sportsbooks Starting To Win, Post Highest Hold Percentages

by Michael Molter | Jul 31, 2019 11:46 am | Revenue

June sports betting in Rhode Island accounted for the worst bettor performance, only keeping 85.41% of all action. Over $2.5 million was contributed to Rhode Island through taxes during April, May, and June. Twin River Casino has taken in four out of every five...
Tiverton May Not Weigh-In On Rhode Island Sports Betting Lawsuit

Tiverton May Not Weigh-In On Rhode Island Sports Betting Lawsuit

by Michael Molter | Jul 10, 2019 4:52 pm | Sports Betting

Legislators approved mobile betting this past session after voters approved a gambling expansion in 2016. Dr. Daniel Harrop filed a suit against the Rhode Island Lottery, as he claims the voters did not approve sports betting specifically. The preliminary briefings...
Are RI Sports Bettors The Best In The Country? Numbers Support The Claim

Are RI Sports Bettors The Best In The Country? Numbers Support The Claim

by Michael Molter | Jun 28, 2019 5:18 pm | Revenue

Rhode Island bettors have won 96.28% of all action year-to-date – the highest amongst every legal sports betting state. Almost $2.5 million has been contributed to the state in sports wagering taxes since RI’s November 2018 launch. Twin River Casino is the clear...
Rhode Island Posts Highest Revenue Month, Despite Low Sports Betting Handle

Rhode Island Posts Highest Revenue Month, Despite Low Sports Betting Handle

by Michael Molter | May 29, 2019 6:01 pm | Revenue

• Since their launch, Rhode Island sportsbooks have taken in almost $94 million in wagers. • The state has the lowest hold for 2019 (3.48%) of every legal sports betting state. • Twin River Casino has accounted for nearly 75% of the state’s yearly sports betting...
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