Twin River company purchases Hard Rock Hotel & Casino - ABC6 - Providence, RI and New Bedford, MA News, Weather

Twin River company purchases Hard Rock Hotel & Casino

Posted: Updated:
 By Alana Cerrone

acerrone@abc6.com

The Twin River Management Group, Inc., announced Thursday that it successfully completed its acquisition of the Hard Rock Hotel & Casino in Biloxi, Mississippi.

John E. Taylor, Jr., chairman of Twin River, says the deal will help strength business, helping to lessen competitive threats from nearby Massachusetts casinos. 

Officials say the purchase will also expand Twin River's geographic and operations footprint in the gaming industry.

Twin River bought the property for $250 million, and acquired the license to keep the iconic ‘Hard Rock’ name and brand. 

Casino veteran Todd Raziano, who previously served as the Senior Vice President and chief Financial Officer for Premier Entertainment Biloxi, was brought on as new Executive Vice President and General Manager. 

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