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Twin River Completes Dover Downs Acquisition and NYSE Listing

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Twin River Worldwide Holdings announced today that it completed its acquisition of Dover Downs Gaming & Entertainment and listing on the New York Stock Exchange.

Twin River Executive Chairman John E. Taylor, Jr. said, “Our management team has done a great job diversifying our revenue base and creating sustainable growth.  The Dover Downs acquisition and New York Stock Exchange listing mark the beginning of a new chapter for us by adding to our geographic base, providing us currency for strategic steps and eventually leading to liquidity for stockholders.”

George Papanier, Twin River’s CEO added, “Dover Downs is a great fit for Twin River.  We see a lot to build on and look forward to working with the Dover Downs team to realize the strategic benefits of the transaction.”

Twin River common stock has been listed on the New York Stock Exchange and will begin trading today under the ticker symbol “TRWH”.

Twin River has a clear focus on building sustainable shareholder value.  Twin River expects to pay a quarterly cash dividend initially targeted at approximately 1% of the common stock price beginning later this year.  Twin River expects to determine the initial dividend and a potential return of capital as promptly as practicable in the second quarter. The amount, timing and terms will be determined and be based upon prevailing market conditions, Twin River’s financial condition and prospects and other factors, including conditions in the bank credit and debt capital markets.

 

About Twin River:

Twin River Worldwide Holdings, Inc., owns and manages two casinos in Rhode Island and one in Mississippi, as well as a Colorado horse race track that possesses 13 OTB licenses. Properties include Twin River Casino Hotel (Lincoln, RI), Hard Rock Hotel & Casino (Biloxi, MS), Tiverton Casino Hotel (Tiverton, RI), Dover Downs (Dover, DE) and Arapahoe Park (Aurora, CO). Twin River’s casinos range in size from 1,000 slots and 32 table games facilities to properties with over 4,100 slots and approximately 125 table games, along with hotel and resort amenities.  Twin River’s headquarters are located at 100 Twin River Road, Lincoln, RI 02865.  For more information, visit www.twinriverwwholdings.com.

Forward-Looking Statements

The statements in this press release that are not historical facts are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause the stated or expected results to be materially different from those anticipated. These risk and uncertainties include, among others: (1) failure to realize the anticipated benefits of the Dover Downs acquisition, (2) that Twin River may be unable to complete any capital return transaction on the terms, in the timeframe expected or at all, and (3) Twin River’s ability to pay dividends as expected or at all. For further discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see “Risk Factors” in Twin River’s Registration on Form S-4 (File No. 333-228973) filed with the SEC in respect of the Dover Downs acquisition. Unless required by law, Twin River expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, to conform them to actual results or otherwise. You are cautioned not to place undue reliance on these forward-looking statements.

SOURCE Twin River Worldwide Holdings


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Twin River Completes Dover Downs Acquisition and NYSE Listing

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Zenex 2.0: Revolutionizing the iGaming Industry in 2025

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Zenex, the pioneering token in the iGaming sector, is proud to announce the launch of its transformative Zenex 2.0 strategy. Picture a digital platform that speaks to gambling sites, payment solutions, and everyday traders all at once. That’s the broad idea behind Zenex 2.0.

It merges the hustle of the iGaming world with a unique token approach, weaving both real-time payouts and cutting-edge compliance tech into one flexible system. Folks who’ve been tracking this market may recall all sorts of attempts at payment gateways, but ZNX initiative sets its sights on bridging that gap between operators who demand stable clearing channels and players who crave quick gains. The end result is a setup that rewards everyone involved.

Redefining the iGaming Ecosystem

Since its inception in 2021, Zenex has been on a mission to reshape the iGaming industry by creating a resilient and forward-thinking ecosystem. With Zenex 2.0, this vision is elevated to new heights, addressing key industry challenges such as payment compliance, user engagement, and the optimization of operational costs through in-house IT developments and blockchain technology.

OnRamp Solution: Mitigating Miscode Risks

A major obstacle for iGaming businesses has been the issue of miscode transactions, which can result in fines ranging from $50,000 to $450,000 per violation. Despite this, many industry leaders are forced to operate in regions with restrictions, relying on methods that expose them to penalties. Zenex OnRamp provides a less risky alternative: it recasts deposits as token acquisitions instead of labeling them as gambling payments. This subtle shift cuts the chance of miscodes and simplifies how users fund their accounts.

Exclusive Discounts for Payment Services and Lowered Rolling Reserves

Traditionally, iGaming businesses are required to maintain high rolling reserves, leading to substantial initial deposits. With the introduction of Zenex tokens, businesses now have a more efficient and advantageous solution. By holding rolling reserves in ZNX tokens, merchants can access discounts on payment services. Additionally, transactions made through Zenex tokens come with reduced fees, including discounts on payment processing, risk management tools, and custom software development.

Zenex for Players, Token Holders, and Investors

Growth through the Burning Mechanism: A percentage (1-2%) of tokens used in transactions is permanently burned, reducing the circulating supply and driving up the value of ZNX tokens.

  • Reward Programs: Zenex will offer attractive incentives for token holders and ecosystem participants, ensuring long-term engagement and loyalty.
  • ZNX Jackpot Lottery: Token holders will have the chance to participate in the weekly Zenex lottery, where lucky ZNX holders can win a growing jackpot.
  • Zenex iGaming NFTs: Token holders will also be able to become co-owners of iGaming venues such as casinos or betshops, receiving a share of the profits generated by these establishments.

Revolutionary Payment Cards for VIPs

Zenex introduces its groundbreaking payment cards that revolutionize how users interact with both online and offline casinos. These cards offer several benefits:

  • One Card, Multiple Currencies: Store your crypto and fiat in a single account. Spend or withdraw instantly without juggling separate wallets or exchange apps.
  • Cash on Demand: Loading up is easy at local cash points in regions like Morocco, Algeria, Tunisia, and Egypt, smoothing out deposits for players on the go.
  • Truly Global Coverage: ZNX cards cut out transaction limits, so you can shop at home or abroad without hitting a spending ceiling. Plus, they support withdrawals in the local currency across 150 countries—reassuring for frequent travelers.
  • Dedicated IBANs: Players get individual IBANs, simplifying big deposits and ensuring a more transparent, hassle-free experience for all.

What’s Next for Zenex?

Zenex 2.0 will begin its rollout across multiple regions starting in Q1 2025, with a primary focus on forming strategic partnerships with gaming operators, payment providers, and local businesses. Zenex is also exploring the expansion of token utility into innovative areas such as NFT-based franchise models and equity-linked wallets.

 

The post Zenex 2.0: Revolutionizing the iGaming Industry in 2025 appeared first on European Gaming Industry News.

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Internet Vikings Supplies RubyPlay with U.S. Hosting Solutions

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Internet Vikings, a licensed in-state hosting provider for the U.S. iGaming and online sports betting industry, announces its partnership with RubyPlay, an iGaming development studio specializing in slot games and value-added tools for gaming operators. RubyPlay has made its U.S. market debut in New Jersey, selecting Internet Vikings as its VMware cloud hosting provider.

RubyPlay, known for its gaming solutions, entered into an agreement with Internet Vikings for VMware cloud hosting in the U.S. Internet Vikings’ delivery of RubyPlay’s infrastructure was completed in record time. The first order was successfully deployed within just one week, and subsequent orders were fulfilled the same or next day after agreement sign-off.

Following its successful launch in New Jersey, RubyPlay has extended its collaboration with Internet Vikings by opting for bare metal servers hosted in Internet Vikings’ data center near Atlantic City as a backup solution, ensuring data integrity and uninterrupted operations as RubyPlay expands its footprint in the U.S.

“We are proud to support RubyPlay’s expansion and to deliver their infrastructure in such a short time. We look forward to a long-term collaboration with them.” said Rickard Vikström, CEO and Founder of Internet Vikings.

When RubyPlay made the decision to enter the U.S. market, Internet Vikings’ tailored hosting solutions and proven expertise presented the perfect fit. The team’s responsiveness and collaborative approach have further enhanced this partnership, ensuring smooth operations throughout.

For press inquiries, please contact: [email protected]

 

The post Internet Vikings Supplies RubyPlay with U.S. Hosting Solutions appeared first on European Gaming Industry News.

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Acer unveils innovative PD3 series, dual-screen foldable monitors

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Designed to boost productivity, efficiency and entertainment experiences

Acer introduced the new Acer PD3 Series, dual screen foldable portable monitors designed to boost productivity, efficiency and entertainment experiences.

Weighing only 1.55 kg and just 2.4 cm thin (PD163Q), this 16-inch portable monitor stands out for its sleek, slim and lightweight design. Comfortable to carry, the PD3 series slips easily into a bag and enables a dual-screen set-up for both business and entertainment. With HDMI and USB-C ports, the Acer PD3 Series connects to all favorite devices, from tablets and smartphones to laptops, PCs and more.

Two is better than one

The dual-screen design of the PD3 series makes multi-tasking efficient and seamless. With double the screen surface, productivity and entertainment reach new heights. Users can work on a presentation on one screen while pulling up data on the other or play games on one screen while reading gameplay guides on the other. With its 315°ergonomic design and integrated stand, users can customize the viewing angle to suit their needs and preferences. For example, stacking the screens vertically reduces the need for excessive scrolling and minimizes strain on the eyes and neck.

Enhanced perspectives

Ideal for viewing extra-large documents and reducing excessive scrolling, the Acer PD3 Series offers crisp 1080p viewing. When combined, the screens achieve an immersive 2160 x 1080 Dual FHD resolution, delivering natural and sharp original quality. The IPS (In-Plane Switching) panel provides a wide viewing angle of 178°[1] and vivid colors. The automatic pivot feature makes it easy to transition from landscape to portrait modes by simply adjusting the angle of the screens.

The PD3 Series is equipped with Acer VisionCare™ technology, which incorporates several features specifically designed for prolonged use by demanding users such as programmers, writers and graphic designers.

Uninterrupted real-time engagement

Acer PD3 Series can serve as a second and third screen, allowing users to multitask effectively. By connecting the main device, people can effortlessly manage real-time engagements with three screens: one for presentations, another for interaction and a third for detailed analysis. This set up provides a comprehensive view of all important information without interrupting workflow. In addition, to optimize desk space, the Acer PD3 series is VESA mountable, creating a stylish and clutter-free environment in both work or entertainment spaces, offering greater customisation and versatility.

Availability

Acer PD3 Series is available in two different sizes 15.6-inch (PD163Q) and 18.5-inch (PD193Q E).

[1] Specifications may vary by model.

  • Dual screen foldable monitors with HDMI and Type-C ports, ideal for business and entertainment.
  • The dual screen foldable-form factor enhances multi-tasking efficiency and makes it easy to adjust the viewing angles to suit users’ preferences.
  • Equipped with IPS panels and Acer VisionCare™ technology to offer more comfortable experiences and reduce eye strain.

 

The post Acer unveils innovative PD3 series, dual-screen foldable monitors appeared first on European Gaming Industry News.

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