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.
