gambling

Economy
9:21 am
Thu July 10, 2014

Bills Signed Aimed At Making Twin River More Competitive

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

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.

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On Politics
1:05 pm
Fri July 4, 2014

TGIF: 17 Things to Know About Rhode Island Politics & Media

Happy Independence Day! Thanks for stopping by for my Friday column. Feel free to share your tips via idonnis (at) ripr (dot) org and to follow me on the twitters. Without further ado, and with a lot more political fireworks on the way, let's get going.

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Economy
10:13 am
Mon June 30, 2014

Massachusetts Ruling Could Be A Big Win For RI's Gaming Industry

Twin River in Lincoln is currently the only casino in the state to offer table games. Voters rejected the proposal for Newport Grand.
Credit RIPR FILE

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.

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On Politics
11:22 am
Sat June 21, 2014

The General Assembly Passes Newport Casino Plan, Calls It A Wrap for 2014

Warwick Representative Joseph McNamara calls for the elimination of high-stakes testing as a graduation requirement.
Credit Ian Donnis / RIPR

In a marathon session that stretched for almost 12 hours before ending shortly after 4 am, the General Assembly closed its 2014 session by approving a plan that could turn Newport Grand into a casino, imposing a three-year moratorium on the use of high-stakes tests as a graduation requirement,  and setting the stage for Governor Lincoln Chafee to sign a bill making calamari Rhode Island's official state appetizer.

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Politics
4:43 am
Wed June 4, 2014

Bill Would Add Constitutional Amendment On Gambling Venues

Newport Grand, located in the northern part of Newport.
Credit RIPR FILE

A senate committee will look at legislation Wednesday creating a constitutional amendment centered on gambling in the Ocean State.

The bill would put a constitutional amendment before voters that states a casino or slot parlor cannot change locations without approval from voters in that city or town.

A development team is looking to buy Newport Grand, but promises that if casino games are allowed at the slot parlor that it will not change locations.

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Business
3:00 pm
Fri May 9, 2014

The Bottom Line: Paolino Bets On Table Games In Newport

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

This week Dave and Mark talk Joe Paolino about plans he and his partners have to revamp Newport Grand. The idea is to turn the struggling slot parlor into an entertainment complex that offers table games, but that all hinges on residents approving the move at the polls.

When to Listen

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

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RI News
4:47 pm
Mon May 5, 2014

Deal Signed To Sell Newport Grand Slot Parlor

Developer Joe Paolino and two partners have signed an agreement to buy Newport Grand.

Paolino isn’t ready to say how much he’s paying for Newport Grand, but said he and his partners are ready to bring table games to Newport and sink $40 million to upgrade the struggling slot parlor.

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On Politics
4:30 pm
Thu February 27, 2014

Twin River Faces Looming Threat From Planville Slot Parlor

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.

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.

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RI News
3:56 pm
Thu February 27, 2014

Plainville Slot Parlor Gets Initial Approval; Potential Twin River Competitor

Twin River will face serious competition should a slots parlor be constructed in Plainville Mass.
Credit Flo Jonic / RIPR

Plans for a slot parlor in nearby Plainville, Massachusetts, have received their final approval.

On Friday, the Massachusetts Gaming Commission voted to green-light Penn National Gaming's plan for the Plainville slot parlor.

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.

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On Politics
12:39 pm
Fri January 10, 2014

RI Supreme Court Upholds Standing for Narragansetts in Gambling Lawsuit

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.

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.

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