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Twin River plans to become publicly traded, offer sports betting

will be helpful as we introduce that amenity at our properties, and in the online gaming sector which continues to evolve nationwide." International lottery business IGT is currently negotiating with state officials to set odds and process wagers on sporting events at Twin River's casinos. But even with IGT running the back end of the sports book operation, Doyle wrote in an email that Dover Downs' experience could help Twin River fully "integrate" sports betting with the rest of its gambling offerings. Twin River also owns casinos in Mississippi and Colorado. "Decisions around sports wagering at other Twin River properties will be made at the appropriate time," Doyle wrote. In May, the U.S. Supreme Court threw out federal rules prohibiting expansion of sports gambling and triggered a state-by-state rush into the market. Dover Downs was allowed to offer limited sports betting even before the high court ruling, but since the May decision, has gone to full athletic wagering in addition to betting on live and simulcast horse racing, Dover Downs President and CEO Denis McGlynn told the Journal in a Monday phone interview. McGlynn said the deal makes sense because both Twin River and Dover Downs come "from the same pedigree," of racetracks that have moved into casino gaming. In fact, Delaware officials looked at Rhode Island and Twin River, where dog racing ended in 2010, before they passed legislation allowing slot machines at their tracks. McGlynn described Dover Downs' online gambling offerings as a "work in progress." Bets are only allowed from online devices inside Delaware. At least one company, Boston-based DraftKings, has urged Rhode Island lawmakers to legalize full online gambling in Rhode Island.

For the original version including any supplementary images or video, visit http://www.providencejournal.com/news/20180723/twin-river-plans-to-become-publicly-traded-offer-sports-betting

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