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The Providence-headquartered firm used an official Thursday press release to declare that the western Illinois facility is currently owned by Delaware North Companies Gaming and Entertainment Incorporated but is expected to change hands by the end of June ‘subject to receipt of required regulatory approvals and other customary closing conditions’ as well as ‘a customary working capital adjustment’. We look forward to the opportunity to leverage our operational expertise and proven integration approach to drive incremental revenues and cash flow improvements.”Annual approximation:iGBNorthAmerica....
Read a statement from Papanier…“This acquisition further expands our geographic reach into yet another attractive market.”Annual approximation:iGBNorthAmerica.After a successful technical integration, the Swedish online casino software provider’s Auto Roulette Studio, Blitz Blackjack, and Perfect Blackjack games are available with one of the Scandinavian nation’s biggest operators, while increasing NetEnt’s presence in the live casino market....
S. In particular, we believe there is an opportunity to improve operations and enhance revenues at the property, which will allow us to lower our acquisition multiple.Purchase particulars:George Papanier, President and Chief Executive Officer for Twin River Worldwide Holdings Incorporated, used the press release to proclaim that the transaction is to be funded ‘with a combination of cash on hand, cash from ongoing operations and borrowings’ and will advance his firm’s ‘ongoing portfolio diversification strategy’ by giving its immediate access to the ‘attractive Illinois gaming market....
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