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pa borgata casino(NYSE: TRWH) — the owner of two Rhode Island casinos — say they will spend up to 0 million repurchasing the company’s own stock and paying out dividends. Executives at newly public Twin River Worldwide Holdings, Inc. As is the case with some other gaming companies, the stock is beloved by some hedge funds. x casino bonusFirst to enter the sports betting game post-PASPA, Rhode Island’s Twin River Casino made its mark in Nov. Additionally, share buyback initiatives trim the number of freely floating stock a company has, thereby reducing its dividend expense while boosting its earnings per share.Twin River expects to fund any share repurchases and dividends from existing capital resources,” a company statement said.Translation: the casino operator is not selling corporate debt to fund its shareholder reward efforts, another positive sign.At the end of the first quarter, the owner of Arapahoe Park Racetrack in Aurora, Colorado had 3 million in cash on hand, up from .58 million at the end of last year, and debt of 1.2 million.How Twin River Stacks UpThree of the four largest US casino operators are dividend payers, with Las Vegas Sands (NYSE: LVS) sporting the heftiest yield at 5.40 percent.New to the dividend game, Twin River has a long wagold coast casino nightcluby to enter LVS payout territory, but the Dover Downs operator’s payout compares well with some other regional gaming firms.At 10 cents a share per quarter, Twin River’s dividend is inline with that of Red Rock Resorts Inc. For example, Leon Cooperman’s Omega Advisors family office bought 1.2 million Twin River shares in the first quarter.valley forge casino dance

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