Dover Downs CEO retires as Twin River acquisition finalizes - Technical.ly Delaware

Business

Mar. 26, 2019 12:21 pm

Dover Downs CEO retires as Twin River acquisition finalizes

The struggling casino is about to change — how much remains to be seen.
Changes are afoot at Dover Downs.

Changes are afoot at Dover Downs.

(Photo by Flickr user Spam, under a Creative Commons license)

Dover Downs Hotel & Casino will have a new parent company in the Rhode Island-based Twin River Worldwide Holdings as soon as this week after getting the approval of the U.S. Securities and Exchange Commission, the Delaware State News reports. As part of the agreement, Ed Sutor, president and CEO of Dover Downs, has retired.

The deal was made in the hope of revitalizing business for the casino, which has struggled over the last half decade. Dover International Speedway, which is owned by Dover Motorsports, is a separate company.

Changes such as legalized sports betting and the recent approval of casino tax breaks have been good news for Dover Hotel & Casino, and the report says that major overhaul is expected. Still, it might be a good time for Dover to look to Philadelphia for inspiration, as Comcast Spectator recently announced that it will be home to the new Fusion esports arena.

Read the full Delaware State News article here.

-30-
BECOME A CONTRIBUTOR TO THE JOURNALISM FUND TO COMMENT
Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

DuPont’s Nutritional Unit is up for bid in a potential $25B deal

This high school game-a-thon aims to donate accessible gaming equipment for hospitalized kids

Goodbye Delmarva Broadcasting, hello Forever Media

SPONSORED

Delaware

Verizon is looking for the brightest ideas on how to use its 5G technology

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Funderbolt acquired by CampusLogic

New LYCRA company will stay based in Delaware

Take a social media break by diving into this Delaware-made app

SPONSORED

Delaware

Escape the August heat with cool AI tech

Offsite

Philadelphia Home

Social Media Catalyst

Apply Now

Baltimore, Brooklyn, D.C., Delaware, Philadelphia

Vistar Media

Software Engineer

Apply Now

Malvern, PA

Vanguard

Senior Front End Engineer – CX Journey Lab

Apply Now

Sign-up for daily news updates from Technical.ly Delaware

Do NOT follow this link or you will be banned from the site!