The parent company of Twin River presented few details to the Tiverton town council regarding its plans to move Newport Grand’s gaming license to Tiverton.
“Tonight we’re here with a clean slate,” said John Taylor, chairman of the Twin River management group's board, said at a town council meeting last night. He brought a set of maps that showed the site the company secured in Tiverton, about 400 feet from the Massachusetts border.
Twin River’s leadership plans to hold an informational meeting in Tiverton Monday on its proposed casino. Twin River hopes to transfer the gambling license for Newport Grand to an undeveloped northern Tiverton site on the state line with Massachusetts.
Twin River officials are slated to offer an introductory presentation on their proposal during a 7 pm meeting at Tiverton Middle School. Tivertown Town Administrator Matthew Wojcik said his sense is that residents are looking for details on the envisioned casino.
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.
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.
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.