Business Context and Reporting Period
Twin River Worldwide Holdings, Inc. filed this Form 8-K on March 3, 2020 under Item 2.02 to furnish its financial results for the fourth quarter and year ended December 31, 2019. The filing identifies the registrant as Twin River Worldwide Holdings, Inc.; it does not identify Bally’s Corp. as the registrant.
The filing states that the results were provided in a press release attached as Exhibit 99.1, but the press release text is not included in the supplied filing content.
Financial Metrics
The filing text does not provide clear values for revenue, net income, cash flow, margins, debt, liquidity, operating statistics, or other financial metrics. These details may be contained in the referenced Exhibit 99.1, which was not provided.
Material Changes Versus the Prior Comparable Period
The filing does not provide sufficient financial data or narrative to assess changes from the fourth quarter or year ended December 31, 2018.
Guidance, Outlook, Risks, and Unusual Items
No guidance, outlook, management commentary, risks, contingencies, or unusual items are described in the supplied filing text.
The Form 8-K states that the report and attached exhibits were furnished, rather than filed, for purposes of Section 18 of the Exchange Act and are not incorporated by reference into other filings.
Important Facts to Verify
- Obtain and review Exhibit 99.1 for the actual fourth-quarter and full-year 2019 financial results.
- Verify revenue, profitability, cash flow, adjusted EBITDA or comparable operating measures, margins, debt, cash balances, and liquidity.
- Confirm the registrant and corporate-name context, because the filing names Twin River Worldwide Holdings, Inc., while the request identifies Bally’s Corp.
- Review any outlook, acquisition activity, contingencies, and risk disclosures contained in the missing press release.