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Twin River said on Sunday that it has a deal to buy Dover Downs Gaming and Entertainment in Delaware, which owns and operates a racetrack casino already offering sports betting and in-state online wagering, which could be the next growth area for Rhode Island gambling. Dover Downs is publicly traded and to consummate the merger, the privately held Twin River plans to register with the federal Securities Exchange Commission and list shares with either the NYSE or NASDAQ. Twin River shareholders will retain more than 92 percent of the stock in the new company under the proposed deal, which they estimate will close early next year. The deal appears to have caught Rhode Island Lottery officials, who legally operate and control all gambling in Rhode Island, somewhat by surprise. The Lottery had no comment on the proposed deal Monday. Lottery spokesman Paul Grimaldi said in an email that he does not believe the Lottery or the state will get a chance to approve the transaction. “Just as we would with any significant decision, we intend to meet with the Lottery in the coming weeks to discuss the transaction,” wrote Twin River spokeswoman Patti Doyle in an email. In the Sunday news release announcing the deal, Twin River Executive Chairman John E. Taylor, Jr.
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