Based on Jumer's Adjusted EBITDA for the year ended December 31, 2019, the acquisition is expected to be immediately accretive to earnings. The multiple excludes the impact of any potential cost synergies or possible revenue enhancement opportunities from operational improvements. The total consideration for the transaction represents an implied proforma purchase multiple of approximately 7.4x trailing twelve months earnings before interest, taxes, depreciation and amortization ('Adjusted EBITDA') (for the period ended December 31, 2019). to acquire Jumer's Casino & Hotel ('Jumer's') in Rock Island, Illinois for a purchase price of $120 million in cash. (NYSE: TRWH) ('Twin River' or the 'Company') today announced that it has entered into an agreement with Delaware North Companies Gaming & Entertainment, Inc. 1, 2020 /PRNewswire/ - Twin River Worldwide Holdings, Inc.
