Dover Downs Gaming & Entertainment and Twin River Worldwide Holdings have announced that Twin River’s registration statement containing the Dover Downs proxy statement in respect of the merger with Twin River has been declared effective by the Securities and Exchange Commission.
A special meeting of Dover Downs stockholders to consider the merger has been scheduled to convene on March 26, 2019, at the Dover Downs Hotel & Casino.
Dover Downs stockholders of record at the close of business on February 5, 2019 may vote at the meeting. Subject to the receipt of stockholder approval and the satisfaction of other conditions including regulatory approvals as set forth in the parties’ SEC filings, the merger is expected to close shortly following the special meeting.
The two organizations announced last July that they had entered into a definitive merger agreement that would transform Twin River into a publicly traded company with strategically placed gaming and entertainment holdings throughout the United States.
John Taylor Jnr, the Executive Chairman of Twin River, said at the time of the announcement that a merger of the two rival operators will enable them to focus on new opportunities in the sports betting and online gaming sectors.
