Twin River purchases casinos in Kansas City and Vicksburg for $230m
Twin River Worldwide Holdings has completed its acquisition of the Isle of Capri Casino in Kansas City, Missouri, and the Lady Luck Casino in Vicksburg, Mississippi.
The casinos have been purchased from Eldorado Resorts, Incs.’ subsidiaries for a fee of $230m, subject to customary adjustments.
Isle of Capri Casino reopened on June 1 following a period of forced closures as a result of the COVID-19 pandemic. It consists of approximately 40,000 square feet of casino space.
Lady Luck Casino reopened on May 21 and features around 25,000 square feet of casino space with 603 slot machines and eight electronic table games.
“Isle Kansas City and Lady Luck Vicksburg expand our geographic footprint with assets in attractive markets,” commented George Papanier, president and CEO of Twin River.
“We believe these assets are a great fit for our portfolio and see the opportunity to increase the net cash flow from these properties with our redevelopment and operating plans”
In April, Twin Rivers acquired three other casinos from Eldorado and Caesars, including Eldorado Shreveport Resort and Casino in Louisiana, the Mont Bleu Resort Casino and Spa in Nevada, and the Bally’s Atlantic City Hotel and Casino in New Jersey.
The total purchase price for all three properties accumulated to $180m.
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