PROVIDENCE, R.I., Oct. 27, 2020 – Twin River Worldwide Holdings, Inc. (NYSE: TRWH) today announced that it has entered into an agreement to acquire the Tropicana Evansville casino operations from Caesars Entertainment, Inc. (NASDAQ: CZR) for $140 million. As a result of the transaction structure, Twin River will make the acquisition without any cash outlay.

As part of the acquisition, Gaming and Leisure Properties, Inc. (“GLPI”), a publicly traded gaming-focused real estate investment trust (“REIT”), will acquire the Evansville casino real estate for $340 million and lease it back to Twin River for $28 million/year in rent, subject to escalation. As a result, Twin River will acquire the Evansville facility, which had $32 million in 2019 EBITDA (after $28 million pro forma for the lease), at a multiple of 4.4x 2019 rent-adjusted EBITDA. As part of the transaction, GLPI will acquire the real estate at Twin River’s Dover, Delaware facility for $144 million and lease it back to Twin River for $12 million/year in rent, subject to escalation.

Caribbean kitty slot machine. Tropicana Evansville Casino: Address, Phone Number, Tropicana Evansville Casino Reviews: 3/5. All reviews nice casino penny slots ohio river tap tn. $200 and never won over $8 playing $.50, $1 and $2 at a time. Be nice if you could maybe play or at least get up on one machine. Date of experience: November.

Twin River will also acquire unencumbered rights to the sports betting and iGaming skins associated with the Evansvilleoperations to access the growing Indiana market as part of the transaction.

1. From table games to slots, Tropicana Evansville has a game for everyone to enjoy. View our casino games & promotions. Whether you’re looking for classic favorites or the hottest new machines, Tropicana Evansville is the place to find them! A $50 Million land-based casino and entertainment facility, two first-class.
2. Tropicana Evansville originally opened in 1995 as Casio Aztar, the first of Indiana's riverboat casinos. On February 24, 2016 the Indiana Gaming Commission granted approval to Tropicana to build a $50 million land casino next to the Tropicana Evansville Hotel and LeMerigot Hotel. Construction was completed and the grand opening was October 20.

“This transaction is consistent with our core strategy of acquiring strategic gaming assets at attractive valuations and, importantly, represents the Company’s entry into a 10^th state. It also provides us with access to an attractive Indianagaming market, in which we will look to significantly advance our mobile and online sports betting and iGaming initiatives,” said George Papanier, President and Chief Executive Officer. “We believe this property is a great fit for our portfolio. We are acquiring the operations at a value accretive multiple, while also enhancing our interactive offerings.”

The total consideration for the transaction represents an implied proforma purchase multiple of 4.4x earnings before interest, taxes, depreciation and amortization (“Evansville’s 2019 EBITDA”) for the period ended December 31, 2019, after accounting for the $28 million in expected annual rent payments to GLPI with respect to the Evansville property. The multiple excludes the impact of any potential cost synergies or possible revenue enhancement opportunities from operational improvements. Based on Evansville’s 2019 EBITDA, the acquisition is expected to be immediately accretive to Twin River’s earnings and EBITDA.

Tropicana Evansville has 79,000 square feet of enclosed space, including 45,000 square feet of casino floor, four dining venues, a race and sportsbook and back of house space. The complex also includes 11,000 square feet of convention space adjacent to the casino, and a Riverfront Event Center located across the street, which includes 10,000 square feet of convention space overlooking the Ohio River.

After acquisition of this property and taking into consideration four additional properties currently under contract, Twin River will operate 15 properties in ten states.

The transaction is expected to close in mid-2021, subject to receipt of required regulatory approvals and other customary closing conditions.

Advisors

Jones Day and Citizens Capital Markets, Inc. represented Twin River on this transaction.

Tropicana Evansville was originally named Casino Aztar and was Indiana’s first casino opening in 1995. The complex has a casino, hotel and entertainment center located in downtown Evansville, Ind. The casino is operated by Eldorado Resorts and is a sister hotel of the Tropicano Hotel and Casino located in Las Vegas. The newly opened sportsbook is run in partnership with William Hill.

While the casino floor is by no means the biggest at just over 38,000 square feet, it does pack in the games and tables. It has over 1,100 slots and over 60 tables and poker tables.

That is more than some of the casinos that have over 50,000 square feet of casino area. Between hotel Le Merigot and the Tropicana Hotel, there are 346 hotel rooms. The casino is open 24 hours a day, seven days a week.

Promotions

If you go to the website, you know there are plenty of promotions at the Tropicana Evansville. The big one that catches your eye is the Mercedes-Benz giveaway. From Jan. 5 to Feb. 22, you can enter the contest using your Trop Rewards points.

For every 25 points, you gain one entry into the contest. Tropicana Evansville will have a contest every Saturday to gain bonus entries, with the grand prize drawing to occur on Feb. 22.

Tropicana also does something that leaves most casinos looking behind the times. They have a weekly Facebook contest for free play. Two winners will receive $200 in free play and one $100 in free play just by commenting on the Facebook post.

For the older players, it offers a few Club 55 contests. For gamblers 55 and over, Tropicana Evansville offers a slot tournament every Monday from 9 am to 4:30 pm. There are 120 winners every week. On Thursdays, you can enter a drawing to be eligible for $100 in free play.

Since sports betting is now legal, the casino is offering a Big Game party that costs $20 to get in. There are drawings, giveaways and free bets. William Hill is giving away $100 bets throughout the game and five $100 free bets at the end of the third quarter.

Gaming

While the Tropicana Evansville doesn’t have the biggest floor, it still has plenty to offer. Sports betting, slots, table games, and a poker room can all be found inside.

Table games

Tropicana Evansville has over 30 table games with all of your favorite games. The Trop has a really nice high-limit room that is smoke-free.

• Blackjack
• 21+3 + Top 3 Blackjack
• Craps
• Roulette
• Mini-Baccarat
• Mississippi Stud
• Omaha
• Three Card Poker
• Texas Hold ’Em

Poker room

The poker room is smoke-free and offers a lot of different tables. The limits range from low to high, and it offers Omaha and Texas Hold ’em. Tropicana Evansville doesn’t have weekly tournaments, but it does maintain a nice monthly tournament schedule.

Slots

There are 1,121 slot machines offered at the Tropicana Evansville. The new remodel offers a lot of new machines with your favorite game. They offer penny slots up to $100 slot machines.

• Ten Times Pay Red, White and Blue
• Burning Bars
• Super 7s
• 5 Dragons Gold
• 5 Stars
• 88 Fortunes
• African Diamonds
• Aladdin’s Fortune 3D
• Blazing 7s
• Dancing Drums
• Dragon Link
• Emerald Falls
• Monopoly Money

On top of the really nice slot selection, Tropicana Evansville also offers a great selection of video poker machines.

William Hill Sportsbook

William Hill is a common name for anyone associated with sports betting. William Hill is the top sports betting operator in the United States.

As of now, you do have to come to the casino to place your bets in person, but William Hill does have an app designed, and it will soon be up and functioning in Indiana. Free slot games for fun uk. Its mobile app is up and running in New Jersey and seems to be going very well.

A big advantage is that William Hill offers one of the most expansive lists of sports and games to bet on. All the American professional sports are listed as well as NCAA sports.

If you have a sport that is not as popular that you like to bet, it lists lines for darts, cricket, rugby as well as many others. Parlays, teasers, moneylines, futures, live betting; you name it, the William Hill sportsbook at Tropicana Evansville has it.

Hours of operations

• Monday – Friday: 10 am – midnight
• Saturday and Sunday: 8 am – midnight

Rewards program

Tropicana Evansville has an in-house rewards program called Trop Advantage. It is pretty much the common rewards program structure with a special bonus program for guests 55 and over called Club 55.

Video slot machine winners. You can earn cash, hotel discounts, free dining, free entries, and tons of special promotions. You earn points through slot play, 15 minutes of table play, and poker room time.

Online gaming

William Hill will eventually have a mobile app, but it is not currently up and running in Indiana. Tropicana does have a free online casino, but in Indiana, you cannot bet real money in a casino online. You can use the online points for rewards, just like in the Trop Advantage program.

Dining

While the gaming floor isn’t huge, the whole center connecting the two hotels means there are a lot of dining options. The Tropicana Evansville center contains seven restaurants and one bar. We will review the ones directly connected or inside the casino.

Cavanaugh’s On The River

The steak and seafood house is the fine-dining choice. It has a great selection of meat and a wine list that would make any restaurant jealous. The fresh seafood is always a treat, but the prices do tend to be on the higher side, with entrees ranging from a little above $20 to up to $75.

Hours of operation

• Closed Sunday and Monday
• Tuesday – Thursday: 5 pm – 10 pm
• Friday and Saturday: 5 pm – 11 pm

The Brew Brothers Tap House

This bar-and-grill-style restaurant features a great beer menu and delicious appetizers, burgers, and great fish and chips. There are 36 beers on tap, so you will definitely find something to enjoy while following your sports bet from William Hill.

Hours of operation

• Sunday – Thursday: 11 am – 11 pm (Drinks served until 3 am every night)
• Friday and Saturday: 9 am – 11 pm

The Deli

Tropicana Casino Evansville Slot Machines For Sale

Every casino has to have a quick grab-and-go-style place for the gamblers who don’t want to miss out on the action. The Deli is open 24 hours a day, so you can always find something to eat no matter what time you are doing your gambling.

It is designed to resemble a New York-style deli. It offers deli sandwiches, hot dogs, pizza, polish sausage, and a nice selection of side dishes. Its grab-and-go breakfast is extremely popular among the early morning players.

The Kitchen Buffet

The buffet at Tropicana Evansville is only open on the weekends. It serves brunch on Sunday and a breakfast-only selection Saturday and Sunday mornings. On Friday nights, it offers dinner only.

Hours of operation

• Friday: 4 pm – 10 pm $21.95
• Saturday and Sunday Breakfast: 7 am – 10:30 am $10.95
• Saturday Lunch: 11 am – 2:30 pm $14.95
• Sunday Brunch: 11 am – 2:30 pm $16.95
• Saturday Dinner: 4 pm – 10 pm $21.95
• Sunday Dinner: 4 pm – 9 pm $17.95

Other Indiana Locations

Tropicana Evansville Casino Boat

Entertainment

Tropicana Casino Evansville Slot Machines Jackpots

Cavanaugh’s offers a piano bar as well as live entertainment on the weekends. It brings in some of the more popular bands in the Evansville area. There is a convention and meeting space, but no nightclub or arena area for concerts on property.