Economy
9:21 am
Thu July 10, 2014

Bills Signed Aimed At Making Twin River More Competitive

Governor Lincoln Chafee signed several bills designed to attract more gamblers to Twin River Casino.  The Lincoln casino is one of two in Rhode Island, and the only one with table games.

Twin River in Lincoln, RI can now extend up $50,000 lines of credit, and start serving alcohol at 6AM on Fridays and Saturdays.
Credit RIPR FILE

The first bill allows Twin River to extend a line of credit, up to $50,000 to patrons.  It's meant to allow gamblers to play with large amounts of money without keeping that much cash on hand, or for those who've run out of money.  It's seen as a way to make the facility more competitive, as Massachusetts prepares to open it's own casinos. The law does include safeguards, requiring credit checks for those interested in credit lines.

A second law bars Rhode Island casinos from placing liens on real estate to collect debt on those lines of credit.

The governor has also sight into law a bill allowing Twin River to start serving alcohol at 6 o'clock in the morning on Fridays and Saturdays.  The taps can continue flowing until 2 AM.

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