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News of a definitive merger arrangement was announced in a joint July 22 press release. The union of the publicly traded Delaware company and the private Rhode Island firm probably won’t be completed until early 2019, Dover Downs CEO Dennis McGlyn said Monday morning. “This is the beginning of a process that probably will take six to nine months to conclude,” he said. The company must file with various licensing agencies and the Securities and Exchange Commission, McGlynn added. “This means we will become part of a bigger, stronger company that basically is just like Dover Downs, only much bigger,” he said. Twin River’s CEO, John E. Taylor Jr., has a history of involvement in Delaware that goes back more than two decades, McGlyn said. Taylor is a former executive with a gaming technology company that helped the Harrington Raceway set up its gaming programs, he added. “There’s a lot of synergy between Twin River and where they came from and Dover Downs and where we came from.” When complete, the merger will make Twin River a publicly traded company with shares for sale either on the New York Stock Exchange or the NASDAQ. The merger contemplates Dover Downs stockholders will exchange their stock for Twin River common shares representing 7.225 percent of the combined company.

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