Colorado casino operators and state gaming regulators are preparing for the swift implementation of a new sports-betting law, with more "skin" partnerships between casinos and online operators in prospect.
One company welcoming the new law is Twin River Worldwide Holdings, which owns a Denver-area racetrack ineligible to host sports betting but is in the process of acquiring three casinos in the town of Black Hawk that will each be able to obtain a license.
“These licenses were not contemplated at the time we entered into the acquisition and represent unexpected upside to what we felt was already a compelling strategic and accretive transaction,” Twin River CEO George Papanier said Thursday on a quarterly conference call with analysts.
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