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Twin River to resume operations at all properties

16 June 2020

(PRESS RELEASE) -- Twin River Worldwide Holdings, Inc. today announced the planned resumption of operations at its Golden Gates, Golden Gulch and Mardi Gras Casinos in Black Hawk, Colorado effective 17 June. Upon these openings, all properties in the Company's portfolio will be operational.

Today's announcement follows the successful reopening of the Hard Rock Hotel and Casino - Biloxi on 21 May, the Dover Downs Hotel & Casino on 1 June, and a pre-opening pilot at Twin River Casino Hotel and Tiverton Casino Hotel on 8 June.

"With our entire portfolio of properties operational, we are thrilled to be able to welcome back more of our valued team members and loyal customers," said George Papanier, President and Chief Executive Officer. "We continue to be encouraged by strong early demand at our reopened properties across the country and are optimistic we will see similar results as we return to business in Black Hawk. As we continue to reopen our facilities and expand operating capacity across the country, the health and safety of our employees and valued guests remains our priority."

In line with its approach to reopening other properties around the country, the Black Hawk Casinos will initially operate with limited amenities and capacity restrictions. Twin River remains committed to compliance with all state and local reopening requirements and meeting or exceeding all guidelines established by the CDC. The Company has implemented property-specific comprehensive health and safety protocols, developed in close consultation with applicable state regulators and public health officials in local jurisdictions.

Twin River continues to progress a multi-phased reopening plan across its portfolio:

Hard Rock Biloxi – Now operating at 75% of fire code capacity with all hotel rooms and amenities available to guests. Demand has remained strong with consistent year-over-year increases in both slot and table win since opening.

Dover Downs – Recently commenced the second phase of its reopening, allowing for 60% of fire code capacity, availability of an additional 250-300 VLTs and various restaurants, and the hotel at 60% room availability. This phase also includes limited availability of tables on a pilot basis. The Company was encouraged by initial demand in the first phase reopening despite both the limited capacity and amenities being online.

Rhode Island Casinos – In the pre-opening pilot phase, these properties are currently open to a limited number of invited guests. Given that state guidelines and company safety protocols were successfully implemented, the Company is looking to steadily increase the number of invited guests in the coming weeks before eventually proceeding with a general reopening with limited capacity, similar to the Company's other properties.

The Company expects to complete its previously announced acquisition of Isle of Capri Casino - Kansas City in Missouri and Lady Luck Casino - Vicksburg in Mississippi, both of which have resumed operations, in early July, pending Missouri regulatory approval.

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