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Twin River Worldwide Holdings Inc.: A Bottom-Fishing Casino Buyer Betting On Low-Cost Entry In Mature Markets

A year or so from now, the bottom-fishing strategy of Twin River Worldwide Holdings Inc. (NYSE:TRWH) will either draw kudos or a chorus of boos from investors. There is a case to be made for both as we review the spate of deals made in 2019 that expanded the portfolio to 8 states: Rhode Island (legacy base), Delaware (backdoor public issue), Colorado, Mississippi, Nevada, Louisiana, Missouri, and New Jersey.

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