FanDuel Group and Twin River Worldwide Holdings, Inc. Partner to Bring Online Sports Betting to Colorado
Monday, January 27, 2020 — Twin River Worldwide Holdings, Inc. (NYSE:TRWH) and FanDuel Group today announced a market access partnership to bring the FanDuel Sportsbook app and America’s top online sports betting experience to the state of Colorado.
The partnership combines Twin River Worldwide Holdings nationwide experience in gaming and casino operations with FanDuel Group’s market-leading sports betting expertise and global brand. Colorado is the fifth state in the United States where the FanDuel Sportsbook online and mobile platform will be available.
As previously announced last Friday, Twin River Worldwide Holdings completed the acquisition of Golden Gates, Golden Gulch and Mardi Gras casinos in Black Hawk, Colorado. With the completion of this acquisition, Twin River also acquired the right to three sports gaming licenses in Colorado, which is how this partnership came about.
“Twin River has been engaged in sports betting since the beginning in Rhode Island and Mississippi, and they are an ideal partner as we continue to enter states that open up online and mobile sports betting,” said Matt King, CEO, FanDuel Group. “Colorado has a sensible framework for sports betting, and we are excited to partner with a renowned gaming company like Twin River to bring our market-leading online sports betting experience to Colorado sports fans.”
“Completing the acquisition of these three properties expands our footprint in the Colorado market well beyond our Arapahoe Park racetrack and Off-Track Betting network,” said George Papanier, President and Chief Executive Officer of Twin River. “We are very excited for this newly-formed partnership with FanDuel that will allow us to bring sports betting to the greater Denver market.”
The FanDuel Sportsbook online and app experience will be available for residents and visitors to Colorado in the coming months. The FanDuel Sportsbook online and app experience offers more betting options and markets than any other operator including point spreads, moneylines, over/under, parlays, teasers, prop bets, round robins and an extensive list of live in-game wagers. FanDuel is powered by its proprietary risk and trading technology.
This announcement comes on the heels of Twin River announcing the acquisition of three casinos in Colorado. Golden Gates, Golden Gulch and Mardi Gras are located in close proximity to one another along a half mile strip of casino and casino-hotel properties in the historic mining town of Black Hawk, Colorado. Together the properties contain a combined 36,000 square feet of gaming space featuring nearly 20 table games, approximately 700 slots and a poker parlor. The properties also offer three restaurants and 24/7 bars, and one of the only parking garages in the market, with 700 spaces.
Golden Gates, Golden Gulch and Mardi Gras casinos will join Twin River’s vastly growing portfolio, consisting of two casinos in Rhode Island, one in Mississippi, and one in Delaware, as well as their Colorado horse racetrack that has 13 authorized OTB licenses. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE) and Arapahoe Park racetrack (Aurora, CO).
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About FanDuel Group
FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the United States, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Betfair US, and TVG. FanDuel Group has a presence across 45 states and 8.5 million customers. The company is based in New York with offices in California, New Jersey, Florida, Oregon, and Scotland. FanDuel Group is a subsidiary of Flutter Entertainment plc, a leading international sports betting and gaming operator and a constituent of the FTSE 100 index of the London Stock Exchange.
About Twin River Worldwide Holdings, Inc.
Twin River Worldwide Holdings, Inc. owns and manages seven casinos, two casinos in Rhode Island, one in Mississippi, one in Delaware, and three casinos as well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO) and Arapahoe Park racetrack (Aurora, CO). Its casinos range in size from 695 slots and 17 table games combined for Colorado facilities to properties with over 4,100 slots, 125 table games and 48 stadium gaming positions, along with hotel and resort amenities. Its shares are traded on the New York Stock Exchange under the ticker symbol “TRWH.”