gambling

On Politics
9:45 am
Tue April 21, 2015

To Compete With Mass.,Twin River Proposes Moving Gambling From Newport Grand To Tiverton Location

The chair of Twin River's board, John E. Taylor Jr., outlines the proposal for what he calls a convenience casino in Tiverton.
Credit Ian Donnis / RIPR

The parent company of Twin River proposed Tuesday, in essence, to relocate Newport Grand's video lottery terminals to a new location in Tiverton, close to the border with Fall River, Massachusetts, while adding 30 to 40 table games at the new site.

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RI News
5:00 pm
Thu March 19, 2015

Full House Approves Twin River Hotel Proposal

Twin River Casino is proposing a 4 story hotel
Credit RIPR FILE

The full house has approved a bill allowing Twin River Casino to build a hotel  on its property.  Twin River wants the hotel to compete with proposed casinos in Massachusetts.

The restriction that keeps Twin River from building a hotel was originally put in place to protect Providence area hotels from losing business.  But now Massachusetts plans to open three casinos and a slot parlor, threatening Twin River’s revenue.  Twin River officials have unveiled a proposal to build a four story hotel on their Lincoln property.

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Politics
8:46 am
Tue March 17, 2015

Twin River Casino To Make Case For Onsite Hotel

Twin River Casino is proposing a four story hotel on its Lincoln campus.
Credit RIPR FILE

The House Finance Committee is slated to vote Tuesday on a bill that would clear the path for a hotel to be built at Twin River in Lincoln. The casino was banned from building a hotel as part of a law passed in 2005.

Twin River says a hotel will help it compete, as the casino faces growing competition from new gambling facilities in Massachusetts and Connecticut. Gambling is Rhode Island’s third-largest source of state revenue, and out of state casinos could cut the Ocean State’s annual revenue by up to $100 million.

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On Politics
11:00 am
Wed March 4, 2015

Twin River Buying Newport Grand; Vows No Ballot Question for Table Games in 2016

Credit RIPR file photo

The operator of Twin River is buying Newport Grand while vowing not to seek the addition of table games at Newport "without broad-based community support."

"For the time being, I think it's safe to say it's pretty much business as usual from a Newport Grand perspective, but with the added benefit of having Twin River as a sister property," John E. Taylor Jr., board chairman of Twin River Worldwide Holdings, the parent of Twin River and Twin River Management Group, said in a telephone interview.

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RI News
9:56 am
Thu February 5, 2015

Developer Joe Paolino Confirms Purchase Agreement For Newport Grand

Joe Poalino hoped to buy Newport Grand slot parlor in 2014, but only if table games, like poker and black jack were allowed. Newport voters rejected the proposal.
Credit RIPR FILE

Developer Joe Paolino has made a deal to buy Newport Grand slot parlor.  Paolino says there are still a few a details to be worked out.

Newport Grand produces far less revenue for the state than Twin River in Lincoln. Yet it remains part of Rhode Island’s third-largest revenue stream. Paolino said he thinks Newport Grand offers a great opportunity.

He would not say how much he's paying for the slot parlor, or whether he had partners in the venture. He says a confidentiality agreement limits him from saying more.

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