The Company is acquiring Shreveport's operations and real estate and Mont Bleu's operations. It reaffirms our commitment to employees, customers and the communities in which we operate that Twin River will be stronger than ever.' Soo Kim, Chairman of the Twin River Board of Directors, stated, 'This is a great deal for Twin River, and diversifies our business across eight states. 'We see significant opportunities to create cross marketing connections for customers at multiple Twin River locations, and we look forward to applying our proven operating and integration approach to drive incremental revenues and cash flows.' 'These acquisitions represent a unique opportunity to continue executing on our expansion and diversification strategy at attractive valuation multiples,' commented George Papanier, President and Chief Executive Officer of Twin River.
The three properties combined contain 3,318 slots, 2,092 hotel rooms and 176 tables, in addition to 6,000 square feet of convention space at the Eldorado Shreveport Resort and Casino. Together, these acquisitions significantly expand Twin River's footprint into three additional U.S.
