LINCOLN, R.I. (AP) — The parent company of Rhode Island’s two casinos earned a $71 million profit in 2018, up nearly 60% from two years earlier.
That’s according to documents filed with the U.S. Securities and Exchange Commission and reviewed by WPRI-TV .
Twin River Worldwide Holdings became a publicly traded company in March after completing its $98 million takeover of Delaware-based Dover Downs Gaming & Entertainment.
The filings show revenue at Twin River Worldwide’s gambling facilities — located in Rhode Island, Mississippi and Colorado — rose from $415 million in 2016 to $438 million in 2018. The company held down expenses over the same period.
The two Rhode Island casinos — in Lincoln and Tiverton — accounted for the majority of 2018 net revenue, at $303 million, up from $280 million in 2016.
