According to the Complaint, Dover Downs Gaming & Entertainment, Inc. ("Dover Downs" or the Company) is a diversified gaming and entertainment company whose operations consist of the Dover Downs Hotel & Casino and Dover Downs Raceway.

On July 23, 2018, the Company issued a press release announcing the Proposed Transaction, the proposed merger of the Company in a stock-for-stock transaction with Twin River Worldwide Holdings, Inc.

The consummation of the Proposed Transaction is subject to certain closing conditions, including the approval of the stockholders of Dover Downs. The Company expects the Proposed Transaction to close in the second half of 2019.

The Complaint alleges that on November 5, 2018, in order to convince Dover Downs’ stockholders to vote in favor of the Proposed Transaction, the Board, jointly with Twin River, authorized the filing of a materially incomplete and misleading preliminary Proxy Statement with the SEC by Granite, in violation of Sections 14(a) and 20(a) of the Exchange Act.

This case was voluntarily dismissed as moot on April 5, 2019.