Twin River http://ripr.org en The Bottom Line: How Twin River Will Compete With Gambling In MA http://ripr.org/post/bottom-line-how-twin-river-will-compete-gambling-ma <p>Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment The Bottom Line.</p><p>This week Dave and Mark talk with Twin River Chairman John Taylor. They discuss where Massachusetts is looking to put a slot parlor and casinos and what that means for Twin River’s bottom line.</p><p></p><p><strong>When to Listen</strong></p><p>You can hear The Bottom Line each Friday at 5:50pm.</p><p>Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. <a href="mailto:news@ripr.org">news@ripr.org</a></p> Fri, 28 Mar 2014 17:50:11 +0000 Dave Fallon & Mark Murphy 31189 at http://ripr.org The Bottom Line: How Twin River Will Compete With Gambling In MA Political Roundtable: Fung on Pensions, Block's Challenge & the Threat to RI's Gambling Revenue http://ripr.org/post/political-roundtable-fung-pensions-blocks-challenge-threat-ris-gambling-revenue <p></p><p>Cranston Mayor Allan Fung, a Republican candidate for governor, joins Political Roundtable this week to discuss his plan for beating rival GOP candidate Ken Block; his opposition to Rhode Island's proposed pension settlement; the impact of Massachusetts gambling on Twin River; and Myrth York's endorsement for Gina Raimondo.</p><p></p> Fri, 07 Mar 2014 09:00:00 +0000 Ian Donnis 30051 at http://ripr.org Political Roundtable: Fung on Pensions, Block's Challenge & the Threat to RI's Gambling Revenue 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 Scott MacKay Commentary: RI Political-Economic Reality and Myth http://ripr.org/post/scott-mackay-commentary-ri-political-economic-reality-and-myth <p>Every serious candidate says Rhode Island’s poor economy is the top issue in this year’s governors’ race. RIPR political analyst Scott MacKay says it’s time for Rhode Island to sort economic myth from reality.</p><p></p><p></p><p>Say hello to any of the five major candidates for governor and you’ll get a marathon run of rhetoric on the need to create jobs in our struggling state.&nbsp; On the Republican side, Ken Block and Allan Fung have both talked about ushering in a better business climate, lowering taxes and looking for ways to save taxpayer money.</p> Fri, 31 Jan 2014 19:59:38 +0000 Scott MacKay 28460 at http://ripr.org Scott MacKay Commentary: RI Political-Economic Reality and Myth What Casinos In Massachusetts Could Mean For RI's Gaming Industry http://ripr.org/post/what-casinos-massachusetts-could-mean-ris-gaming-industry <p>Rhode Island’s gaming industry is keeping a sharp eye on what’s happening in Massachusetts as the state’s gambling commission works out where to license up to three resort-style casinos and a slot parlor.</p><p></p><p>Rhode Island pulls in enough money from Twin River and Newport Grand to make gaming the third largest source of revenue for the state. Casinos in Massachusetts threatens that revenue.</p><p>So how close is Massachusetts to having casino gambling? Rhode Island Public Radio's Elisabeth Harrison spoke with The Boston Globe’s Mark Arsenault to find out.</p><p></p> Tue, 28 Jan 2014 13:51:15 +0000 Elisabeth Harrison 28266 at http://ripr.org What Casinos In Massachusetts Could Mean For RI's Gaming Industry Fall River and Foxwoods to announce casino plan tomorrow http://ripr.org/post/fall-river-and-foxwoods-announce-casino-plan-tomorrow <p>In what would be a serious threat to Rhode Island’s state gambling revenue stream, Fall &nbsp;River is eyeing yet another attempt to enter the casino market.</p><p>Mayor William Flanagan has scheduled an announcement for Tuesday on a deal for a $750 million casino in the seen-better-days onetime textile center in &nbsp;southeastern Massachusetts that practically straddles the R.I. border, according to several Massachusetts media outlets, including WBUR.</p><p>Partnering with Fall River would be Foxwoods, the Connecticut-based tribal gambling empire.</p> Mon, 27 Jan 2014 22:54:34 +0000 Scott MacKay 28254 at http://ripr.org 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 Twin River Sees Its First Arrest Connected to Table Games http://ripr.org/post/twin-river-sees-its-first-arrest-connected-table-games <p>State Police have made their first arrest at Twin River Casino connected to the Las-Vegas style table games that opened there last month.</p><p></p><p>46 year old Steven Sabitoni of Lincoln has been charged with larceny for stealing $250worth of chips from a blackjack table.</p><p>Detectives verified the theft by viewing casino surveillance footage.</p><p>Twin River has permanently banned Sabitoni from the casino premises.</p><p>Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. <a href="mailto:news@ripr.org">news@ripr.org</a></p> Thu, 11 Jul 2013 12:41:01 +0000 John Bender 18238 at http://ripr.org Twin River Sees Its First Arrest Connected to Table Games More Conn. competition for RI gambling venues http://ripr.org/post/more-conn-competition-ri-gambling-venues <p>More bad news for Rhode Island gambling venues: Connecticut’s Mohegan Sun casino has announced a major retail expansion at its flagship property in Uncasville, Conn. The new retail destination will have 200,000 square feet of entertainment, shopping and dining. The new facility will be located next to the Winter Garage. Construction is slated to begin later and the space is scheduled to open in early 2015.</p> Tue, 25 Jun 2013 19:33:14 +0000 Scott MacKay 17441 at http://ripr.org