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.
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.
Developer Joe Paolino has made a deal to buy Newport Grand slot parlor. Paolino says there are still a few a details to be worked out.
Newport Grand produces far less revenue for the state than Twin River in Lincoln. Yet it remains part of Rhode Island’s third-largest revenue stream. Paolino said he thinks Newport Grand offers a great opportunity.
He would not say how much he's paying for the slot parlor, or whether he had partners in the venture. He says a confidentiality agreement limits him from saying more.
House Speaker Nicholas Mattiello is poised next month to win his first full two-year term to what is considered the most powerful post in state government. The Cranston Democrat won a battle for the speakership last March following the resignation of his predecessor, Gordon Fox. Mattiello sat down in his Statehouse office this week to discuss his priorities for 2015 and a host of other issues.
Newport voter turnout, likely driven by the casino referendum at Newport Grand, is high. That report comes from old friend and former great ProJo reporter Brian C. Jones.
As of 3:30 about 820 of the estimated 2,200 voters eligible to cast ballots at the city’s `Fifth Ward’ polling place at Rogers High School had voted. Election officials said that there have been a steady stream of voters all day.
As the late U.S. House Speaker Tip O’Neill so famously said, ``All politics is local.’’
Newport residents defeated the expansion of table games like poker and blackjack at Newport Grand slot parlor two years ago. But because casinos with table games are likely coming to southern Massachusetts, the issue is back on the ballot.
This time however, a team of developers want to buy Newport Grand, and they have a plan to sweeten the pot, hoping to get approval. As part of our Rhody Votes coverage Rhode Island Public Radio’s John Bender explains how the issue is dividing residents in this historic city by the sea.
Rhode Island’s gaming industry may get a major boost. Massachusetts residents will decide if they want to get rid of all casino gambling in the Commonwealth. Massachusetts casinos would pose direct competition to the Ocean State’s gaming revenue.
Two casinos have already been approved in Massachusetts: a resort-style in Springfield and a slot parlor in Plainville. The slot parlor would be fewer than twenty miles from Rhode Island’s Twin River casino in Lincoln. But the new ruling could allow Commonwealth voters to stop that project dead in its tracks.