gambling http://ripr.org en Twin River Faces Looming Threat From Planville Slot Parlor http://ripr.org/post/twin-river-faces-looming-threat-planville-slot-parlor <p>The Massachusetts Gaming Commission voted Friday to green-light a slot parlor in nearby Plainville, Massachusetts -- a scenario that would threaten to siphon customers from Rhode Island's most lucrative gambling entity, the Twin River casino in Lincoln.</p><p>In an interview, John E. Taylor Jr., Twin River's chairman and CEO, says he expects the slot parlor would cut Twin River's $290 million in annual revenue for the state by about 10 percent.</p> Thu, 27 Feb 2014 21:30:33 +0000 Ian Donnis 29762 at http://ripr.org Plainville Slot Parlor Gets Initial Approval; Potential Twin River Competitor http://ripr.org/post/plainville-slot-parlor-gets-initial-approval-potential-twin-river-competitor <p>Plans for a slot parlor in nearby Plainville, Massachusetts, have received their final approval.</p><p></p><p>On Friday, the Massachusetts Gaming Commission voted to green-light Penn National Gaming's plan for the Plainville slot parlor.</p><p>Plainville is just a little bit north of Attleboro, so a slot parlor there would compete for customers with Twin River in Lincoln. That’s a concern for Rhode Island, since gambling is the state’s third-largest source of revenue.</p> Thu, 27 Feb 2014 20:56:05 +0000 Ian Donnis 29761 at http://ripr.org Plainville Slot Parlor Gets Initial Approval; Potential Twin River Competitor RI Supreme Court Upholds Standing for Narragansetts in Gambling Lawsuit http://ripr.org/post/ri-supreme-court-upholds-standing-narragansetts-gambling-lawsuit <p>The Rhode Island Supreme Court has upheld a Superior Court finding that the Narragansett Indian tribe has standing to sue the state over the addition of table games at Twin River and Newport Grand. Yet it remains unclear if the tribe's suit will move forward.</p><p>Under state law, the Narragansett tribe gets about one fifth of one percent of all net revenue from video lottery terminals at Twin River in Lincoln. That’s up to a maximum of $10 million a year.</p> Fri, 10 Jan 2014 17:39:04 +0000 Ian Donnis 27489 at http://ripr.org Political Roundtable: Raimondo on the Pension Plan, Economic Development, and Gambling Revenue http://ripr.org/post/political-roundtable-raimondo-pension-plan-economic-development-and-gambling-revenue <p>General Treasurer Gina Raimondo joins Political Roundtable this week to discuss 2014; the health of the state pension plan; her views on boosting Rhode Island's economy; and whether adding table games is the best way for the state to protect one of its largest revenue sources.</p><p></p> Fri, 13 Sep 2013 08:00:00 +0000 Ian Donnis 21555 at http://ripr.org Political Roundtable: Raimondo on the Pension Plan, Economic Development, and Gambling Revenue Thursday, February 7, 2013 http://ripr.org/post/thursday-february-7-2013 <p>Winter Storm Nemo is heading our way.&nbsp; Making sure veterans have what they need as they return to civilian life.&nbsp; These stories and more on the RIPR Morning News Podcast.&nbsp;</p><p></p><p></p><p><br>Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.&nbsp; <a href="mailto:news@ripr.org?subject=Comment%20on%20podcast%20for%20February%207%202013">news@ripr.org</a><br>&nbsp;</p> Thu, 07 Feb 2013 14:32:01 +0000 Lydia Rogers 9948 at http://ripr.org Thursday, February 7, 2013 2012 News Countdown: Split gambling vote http://ripr.org/post/2012-news-countdown-split-gambling-vote <p>(PROVIDENCE, RI) Once again, it was a busy year in the Ocean State, and Rhode Island Public Radio’s counting down the top ten news stories of 2012. At number 2 is the split vote to expand gambling at one video slot parlor, but not at another.</p><p>In November, Rhode Islanders voted to expand gambling to include casino-style games at Twin River. The vote received overwhelming support in Twin River’s host community of Lincoln.</p><p></p> Wed, 02 Jan 2013 16:15:07 +0000 Ian Donnis 4671 at http://ripr.org 2012 News Countdown: Split gambling vote Most RI Powerball winners got $4 each — was it worth it? http://ripr.org/post/most-ri-powerball-winners-got-4-each-was-it-worth-it <p>Almost 48,000 winning Powerball tickets were sold in Rhode Island, although&nbsp;most were for the princely prize of $4, according to<a href="http://www.rilot.com/"> the state Lottery</a>. Take away the $2 per-ticket cost, and the net gain for&nbsp;the vast bulk&nbsp;of winners was $2.</p><p>That’s a far cry from $587.5 million jackpot that sparked fevered dreams across the land of striking it rich. (Two winning jackpot tickets were sold, one each in Arizona and Missouri.)</p> Thu, 29 Nov 2012 08:00:00 +0000 Ian Donnis 8471 at http://ripr.org Narragansett chief wants a meeting with Chafee to talk gambling + discrimination http://ripr.org/post/narragansett-chief-wants-meeting-chafee-talk-gambling-discrimination <p>Narragansett Chief Sachem Matthew Thomas has followed through on his plan <a href="http://wrnipoliticsblog.wordpress.com/2012/07/13/narragansetts-remain-on-the-sidelines-as-ri-massachusetts-gear-up-for-more-gambling/">to seek a meeting </a>with Governor Lincoln Chafee.</p><p>The Narrgansetts remain on the sidelines as Rhode Island’s gambling halls are <a href="http://wrnipoliticsblog.wordpress.com/2012/07/09/twin-river-has-spent-almost-600k-on-casino-campaign-since-march/">spending big bucks </a>to promote an expansion of their offerings this November.</p> Mon, 23 Jul 2012 19:03:46 +0000 Ian Donnis 8848 at http://ripr.org Narragansetts remain on the sidelines as RI + Massachusetts gear up for more gambling http://ripr.org/post/narragansetts-remain-sidelines-ri-massachusetts-gear-more-gambling <p>Narragansett Chief Sachem Matthew Thomas can only watch in frustration as 1) Massachusetts<a href="http://www.boston.com/metrodesk/2012/07/11/mashpee-wampanoag-reach-deal-with-governor-tribal-casino/qsGRujJ8onQ7n6TmQBtiiO/story.html"> moves ahead with plans for expanded gambling in nearby Taunton</a>;&nbsp;and Rhode Island’s slot parlors <a href="http://wrnipoliticsblog.wordpress.com/2012/07/09/twin-river-has-spent-almost-600k-on-casino-campaign-since-march/">spend heavily </a>in hopes of&nbsp;adding table games at Twin River and Newport Grand.</p> Fri, 13 Jul 2012 08:00:00 +0000 Ian Donnis 9742 at http://ripr.org Twin River has spent almost 600K on casino campaign since March http://ripr.org/post/twin-river-has-spent-almost-600k-casino-campaign-march <p><a href="http://www.twinriver.com/">Twin River</a> has spent $578,741 since the start of March to encourage voters to support the expansion of gambling in Rhode Island during a statewide vote this November, <a href="http://www.ricampaignfinance.com/RIPublic/Homepage.aspx">state campaign finance records&nbsp;show</a>.&nbsp;The comparable figure for <a href="http://newportgrand.com/">Newport Grand </a>is more modest: $21,400.</p> Mon, 09 Jul 2012 09:00:00 +0000 Ian Donnis 9753 at http://ripr.org