Twin River Worldwide Holdings Locates HQ in Providence in Paolino’s Building
Tuesday, May 28, 2019
Twin River's parent company announced on Tuesday that it will locate its corporate headquarters to Providence in 100 Westminster -- a building owned by downtown developer Joe Paolino.
According to Marc Crisafulli, Executive Vice President, the company will occupy space on the 10th floor. They expect to move into the space in June.
"With a geographic footprint that now spans the entire country, we explored many potential options for our new corporate headquarters, but locating in Providence, Rhode Island just felt right to us," said Crisafulli. "Our roots in this state run deep as do our relationships with our stakeholder community. Importantly, it allows us to remain in close proximity to our flagship property, Twin River Casino Hotel in Lincoln, and our sister property in Tiverton, our 2,500 Rhode Island employees, and millions of customers."
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTPaolino is the national Democratic committeeman.
Paolino and Twin River have done business before when the former Providence Mayor flipped the Newport Grand facility to Twin River. That license was later expanded and relocated to Tiverton.
Crisafulli continued, "Unquestionably, this state and its capital city are on the move. We're thrilled to be a part of the vision Governor Raimondo, House Speaker Mattiello and Senate President Ruggerio have for creating and retaining quality, high paying jobs. Thanks to their collective leadership, we have more than doubled our employee base over the last five years, including almost 70% of our colleagues who are members of 10 unions. In addition, we now have 65 senior level employees based in Rhode Island dedicated to supporting our national corporate-wide initiatives, with more to come on board shortly."
He concluded, "We're also grateful for the warm welcome we received from Mayor Elorza and his team and look forward to contributing to the vibrancy of Providence. This is the perfect geographic location for our continued focus on strategic initiatives that will allow us to grow this company and sustain shareholder value."
Twin River Worldwide Holdings, Inc., or TRWH, owns and manages four casinos; two casinos in Rhode Island, one in Mississippi, and one in Delaware, as well as a Colorado horse race track that has 13 authorized OTB licenses. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE) and Arapahoe Park racetrack (Aurora, CO). Its casinos range in size from 1,000 slots and 32 table games facilities to properties with over 4,100 slots, approximately 125 table games, and 48 stadium gaming positions, along with hotel and resort amenities. Its shares are traded on the New York Stock Exchange under the ticker symbol "TRWH."
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