Twin River completes purchase of Hard Rock casino

07/10/2014 4:25 PM

07/10/2014 4:25 PM

Twin River has completed its purchase of a Hard Rock casino in Biloxi, Mississippi, a move said to strengthen the Rhode Island-based casino as it prepares for the threat of gambling across the border.

Twin River's closing on the Hard Rock Hotel & Casino was announced Thursday. It paid $250 million.

Chairman John Taylor Jr. called it a critically important day. He said Lincoln-based Twin River is now financially stronger and more diversified.

The casino is facing a financial threat from the introduction of gambling in Massachusetts.

Twin River will keep the Hard Rock name and brand. The Biloxi casino has over 1,300 slot machines and 50 table games. The beachfront hotel will have 479 rooms when work is done on a new tower. It also has a spa.

Videos

 

Join the discussion

is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service