Jumer's Casino and Hotel in Rock Island will soon have a new owner. Thursday Delaware North announced an agreement to sell it to Twin River Worldwide Holdings, a casino company based in Rhode Island.
The price is 120 million dollars, and the sale could close in the second quarter of next year, subject to regulatory approval including the Illinois Gaming Board.
Twin River owns nine casinos in five states: Rhode Island, Mississippi, Delaware, Missouri, and Colorado. And in a press release says, "This acquisition further expands our geographic reach into yet another attractive market."
In its press release, Delaware North says it's selling Jumer's so it can focus on other projects, including a new one in Calumet City, Illinois, and working on a tribal casino project in North Carolina.
Jumer's opened in downtown Rock Island in 1992, moved to its current land-based site in 2008, and was sold by the family to Delaware North in 2011.