• Twin River Worldwide Holdings has agreed to spend $120 million for a purchase price in Jumer’s Casino & Hotel.
• The casino hotel will officially become a subsidiary of Twin River.
• This will allow Twin River to launch legal sports betting in Illinois.

ROCK ISLAND, Ill. – Twin River Holdings is now in a position to join the Illinois sports betting market with its $120 million acquisition of Jumer’s Casino & Hotel in Rock Island.

This will make Jumer’s an official subsidiary of Twin River, and allow the Twin River sports betting app to operate in the Prairie State. The purchase will add another sportsbook to the growing sports betting market in Illinois.

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Twin River Hits Illinois

Legal sports betting in Illinois has already proven to be a lucrative and attractive market. Twin River is looking to expand into this booming sports betting arena and get a slice of the pie.

“Even in the current operating environment amid COVID-19, we advance our disciplined portfolio diversification strategy as we continue to opportunistically expand our regional presence through accretive transactions,” saidGeorge Papanier, President and Chief Executive Officer of Twin River. “This acquisition further expands our geographic reach into yet another attractive market. It provides access to a growing gaming market in Illinois, with the potential to capitalize on potentially lucrative sports betting opportunities. We look forward to the opportunity to leverage our operational expertise and proven integration approach to drive incremental revenues and cash flow improvements.”

Hollywood Casino Sports Betting

In addition to sports betting, Twin River will also be bringing Illinois gamblers its full-service casino gaming technology as well.

The Jumer’s Casino is a prime location as it is located in Rock Island, only just a few hours outside of Chicago. This made the casino operation an attractive buy for Twin River.

The casino hosts a 40,000 square foot main floor and has over 870 slot machines, 205 hotel rooms including 11 luxury suites, and over 25 table games. The Oculus Sports Bar is prime real estate for the Twin River sportsbook operation.

“Over the last several years through our efforts with Hard Rock Biloxi, Dover Downs, our Black Hawk Colorado Casinos and most recently Casino KC and Casino Vicksburg, we have demonstrated an ability to integrate and operate acquired casino assets,” continued Papanier. “We believe this experience will prove valuable as we look to further enhance Jumer’s financial performance. In particular, we believe there is an opportunity to improve operations and enhance revenues at the property which would allow us to lower our acquisition multiple.”

This Twin River expansion into the Illinois legal sports betting market is looking to be a major boost for the sports betting and gambling operation of the company. Ion casino.

News tags: George Papanier | Jumer’s Casino & Hotel | Twin River | Twin River Worldwide Holdings Inc.

Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.

Twin River Casino Sports Betting

The state revenue department said there were no major issues with the application launched at Twin River Casino in Lincoln and there are plans to add another casino next week

Rhode Island launched mobile sports betting at one casino and plans to add it to a second casino next week.

The mobile application launched Wednesday at Twin River Casino in Lincoln, according to the state revenue department. The department said Thursday there were no major issues, although some gamblers found the casino application slow to load.

Paul Grimaldi, spokesman for the revenue department, said that from the state's perspective, things went well.

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'This is a milestone for us,' he said Thursday. 'We promised to get this done by the start of the NFL season and we've accomplished that.'

Several hundred people signed up, Grimaldi said, and he'd 'bet' that a lot of gamblers will create accounts on Sunday before the New England Patriots take on the Pittsburgh Steelers in the regular-season opener Sunday night.

Gamblers have to activate their mobile accounts in person in Lincoln so the casino can verify they're at least 18 years old and that they and aren't banned from the property for a past violation. Then, they can place wagers from anywhere in Rhode Island.

The state's goal is to launch mobile betting next week at the other Rhode Island casino offering sports betting, Twin River's Tiverton Casino Hotel, after testing is complete. The casino is in Tiverton, Rhode Island, near the Massachusetts border.

The app is being tested this week near the Massachusetts and Connecticut borders to ensure bets can't be placed across states lines, as required by law, and that the service is available from as many locations within the state as possible, Grimaldi said. Rhode Island is the only New England state currently offering sports betting.

Since the late November launch of sports betting, gamblers have wagered nearly $136 million in Rhode Island and about $128 million was paid out on winning bets, according to the state lottery. The state gets 51% of the $7.7 million profit after expenses are subtracted.

Republican activist Daniel Harrop sued over sports betting in May , arguing that the state should have sought voter approval before legalizing and launching sports betting. Lawyers for the state lottery and Twin River argue that Harrop isn't hurt by sports betting and lacks standing to sue. The town of Tiverton requested a quick ruling last week.

Legal bets on the game can be placed in 13 U.S. states: Arkansas, Delaware, Indiana, Iowa, Mississippi, Nevada, New Mexico, New Jersey, New York, Oregon, Pennsylvania, Rhode Island and West Virginia. This time last year, it was only legal in five states.

Sports betting has been approved through laws or regulations but is not yet running in five additional states: Illinois, Montana, New Hampshire, North Carolina and Tennessee, as well as the District of Columbia and Puerto Rico. Foxy bingo sponsors friends. Colorado voters will decide in a November ballot question whether to allow sports betting there.