Twin River

Economy
8:30 am
Tue March 24, 2015

Opening Date Set For First Massachusetts Gaming Facility

Slot machines at Newport Grand. Revenue at the slots parlor has been on the decline for years.
Credit RIPR FILE

A slot parlor in Plainville Massachusetts is set to open on June 24th.  Ocean state gaming facilities have been bracing for the competition for years.

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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
1:19 pm
Wed March 4, 2015

RI Supreme Court Dismisses Narragansett Tribe Challenge To RI Casino Law

In the never ending casino legal joust between the state and the Narragansett Indian Tribe, the Rhode Island Supreme Court has dismissed a challenge to the constitutionality of the state Casino Act.

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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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The Bottom Line
11:39 am
Wed February 18, 2015

The Bottom Line: What's The Next Step For Twin River

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week, Dave and Mark talk with twin river worldwide holdings chairman John E. Taylor Jr. They discuss Twin River's proposal to build a four story hotel at its Lincoln, Rhode Island casino.  They're taking the proposal to Lincoln residents and the local business community for feedback.

When to Listen: You can hear The Bottom Line each Friday at 5:50pm.

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On Politics
11:54 am
Fri January 16, 2015

Former State Sen. Alves cited for DUI

Former State Sen. Stephen Alves of West Warwick has been arrested for drunk driving after an accident on Route 146 In Lincoln. State Police say Alves struck a tractor-trailer truck near the Twin River casino exit.

Police say Alves drove his vehicle ``directly into the rear of the tractor trailer.’’ Alves, a former Senate Finance Committee chairman, is a Statehouse lobbyist.

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On Politics
4:00 pm
Wed December 3, 2014

RI Sales, Income Tax Collections Up, Gambling Taxes Down

Gambling revenues were down at both Twin River and Newport Grand (pictured) from the same time last year.
Credit RIPR FILE

Some good news for Rhode Island’s  state budget: income and sales tax receipts are up over last year’s totals.

That’s the report from the state Department of Revenue comparing state revenues through October with the same period last year. Income tax collections are 3 percent about last year and sales levies are up 4.3 percent, according to data released today.

On a more sober note, state gambling tax collections are down 1.3 percent from the same period last year.

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RI News
10:43 am
Tue August 19, 2014

A Crowded Field Will Squeeze Profits At New England Casinos

Credit File / RIPR

The rising number of casinos in New England that’s hurting the Foxwoods Resort Casino is both a threat to table games in Rhode Island and the reason to add more.

Analyst Clyde Barrow said the Foxwoods Resort and Casino in Connecticut has been losing millions of dollars since its peak in 2006. To blame: a slow economic recovery and a growing number of casinos in New England.

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On Politics
2:46 pm
Fri July 11, 2014

Scott MacKay Commentary: The R.I. And Mass. Casino Conundrum

Slots are the only attraction at Newport Grand, but a group is trying to bring table games to the casino.
Credit RIPR FILE

It’s election year in Rhode Island. RIPR political analyst Scott MacKay parses the one issue that never goes away in our small state – casino gambling.

There’s an old gallows humor joke about banks and creditors. If you owe the bank $30,000, the bank owns you. If you owe the bank $300 million, you own the bank.

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