American-style gambling is a global bread winner for Trans World.
The company, which focuses on small and midsized casinos and gaming
parlors, owns and operates four niche casinos that feature slot
machines and gaming tables in the Czech Republic. The casinos
operate under the name American Chance Casinos and feature themes
from different eras of US history (Chicago in the Roaring 1920s,
Miami Beach in the 1950s, New Orleans in the 1920s, and the Pacific
South Seas). The company also operates a casino in Croatia near a
resort city on the coast of the Adriatic Sea. Trans World is in the
process of adding hotels to its operations. An investment group led
by director Timothy Ewing owns nearly 40% of the company.
In order to complement its casino business, Trans World is
entering the hospitality industry with the construction of hotels
on or near three of its casinos (Route 55, Route 59, and
Ceska). In 2009 the company opened the first of such
developments, the Hotel Savannah, adjacent to the Route 59 Casino
near Vienna. Trans World is also considering acquisitions,
conversions, management contracts, and
future development. Through this strategy,
it intends to offer more small to midsized
four-star boutique hotels in Europe.
The company was founded in 1993 to develop and manage casinos
that primarily featured video poker machines, most of
which were located in Louisiana. In 1998, it shifted its
focus to the casino market in Europe. While Trans World's corporate
headquarters remain in New York, the company has no operating
presence in the US. The majority of its casino clientele
travel from German and Austrian border regions.