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Shares of Twin River Worldwide Holdings (NYSE:TRWH) are trading modestly higher Thursday even after the operator of Rhode Island’s two casinos reported first-quarter results that badly missed analyst estimates. Twin River gets a positive nod from Wall Street as it nears reopening of some of its important casinos. (Image: Boston Globe)On Wednesday, Twin River said it lost 28 cents a share in the first three months of this year on revenue of 9. 15 million. That’s well below Wall Street forecasts calling for earnings of 24 cents on turnover north of 0 million. With losses permeating the domestic gaming industry due to temporary venue closures that started in mid-March and linger to this day, analysts are at peace with TRWH’s results and are looking ahead, not back. Is Little River Casino Open Right Now Lfyd
TRWH has plenty of liquidity, a moderate burn rate, an M&A growth pipeline that is already funded, and is on the cusp of reopening its key assets. seminole casino orlando choctaw casino update The company still owns all of its real estate and will likely continue to be a consolidator of gaming assets in the near to medium term,” said Union Gaming analyst John DeCree in a note to clients today. slot machine casino philippines The analyst reiterated a “buy” rating on the owner of the Twin River and Tiverton casinos. black hawk casino resort Inching Toward ReopeningLikis valley forge casino open todaye other regional gaming companies, TRWH operates venues in multiple states and is contending with several reopening plans in the wake of the coronavirus. Not accounting for a pair of deals that are expected to soon be completed that will expand the company’s geographic reach, TRWH’s current roster consists of the two aforementioned Rhode Island venues, four in Colorado, and one apiece in Delaware and Mississippi. drake casino welcome bonus DeCree, the Union Gaming analyst, believes the company’s Hard Rock Casino in Biloxi, Miss.
is close to reopening, and that the two Ocean State properties should follow suit over the next month. Last year, TRWH paid 0 million to purchase two casinos from Eldorado Resorts – one in Mississippi and one in Missouri – and CEO George Papnier said on a Wednesday conference call


