Twin River

Kekst CNC is handling Twin River Worldwide Holdings' $180M deals to buy gambling casinos from Eldorado Resorts (Shreveport and Lake Tahoe) and Caesars Entertainment (Atlantic City).

The deal expands the marketing footprint of Twin River, which owns/manages seven casinos in Rhode Island, Delaware and Mississippi.

George Papanier, CEO of Providence-based Twin River, said the transactions presented a unique opportunity to execute the company's "expansion and diversification strategy at attractive valuation multiples."

He said despite uncertainties surrounding the COVID-19 pandemic, Twin River continues to position for long-term growth and profitability.

The New York Stock Exchange-listed company posted a 19.7 percent rise in 2019 revenues to $523.6M and registered a 22.8 percent drop in net to $55.1M.

Kekst CNC has Liz Cohan and Connor Moriarty working the Twin River business.