- Twin River Worldwide (NYSE:TRWH) reports it churned up adjusted EBITDA of $40.2M vs. $39.3M consensus and $37.0M a year ago.
- Overall gaming revenue increased 5.6% during the quarter, food and beverage revenue was up 56.7% and hotel revenue was 78.9% higher as the acquisition of Dover Downs Hotel & Casino factored in.
- Looking ahead, Twin River expects 2020 adjusted EBITDA of ~$180M vs. $175M consensus. The company sees its annualized run-rate for adjusted EBITDA coming out of 2020 at around $190M per year.
- Previously: Twin River Worldwide EPS and revenue in-line (March 3)