Investor Presentaiton
TRWH has focused on creating long-term strategic value
Key Strategic Objectives
1
Grow and Diversify through
Strategic and Accretive M&A
2
Accomplishments
Evolving from single property operator in 2013 to the operator of 12 casino properties across
eight states § (1)
Acquired Hard Rock Biloxi (2014), Newport Grand (2015), Dover Downs (2019), and three
Black Hawk properties (2020)
Announced the proposed acquisitions of Isle of Capri Kansas City, Lady Luck Vicksburg,
Eldorado Shreveport, Bally's Atlantic City. and MontBleu (Lake Tahoe)
Moved Newport license to newly-constructed Tiverton Casino Hotel
Built hotel at Twin River Casino Hotel
Organic Growth, Working
Collaboratively in Regulatory
Environment
✓
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Added table games at both facilities in Rhode Island through multiple voter initiatives
Launched sports betting and added sportsbook amenities
Introduced stadium gaming in Rhode Island
Announced proposed joint venture with IGT
3
Maintains a Prudent Fiscal
Policy
Listed as publicly traded company as part of Dover Downs merger
Secured $950M in new bank and bond financing in May 2019, with an additional $275M in May
2020
Maintained one of the most conservative balance sheets in the industry, despite tack-on
acquisitions and increased competition in core markets
TRWH (1) Including pending acquisitions
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