gambling

RI News
5:00 pm
Thu March 19, 2015

Full House Approves Twin River Hotel Proposal

Twin River Casino is proposing a 4 story hotel
Credit RIPR FILE

The full house has approved a bill allowing Twin River Casino to build a hotel  on its property.  Twin River wants the hotel to compete with proposed casinos in Massachusetts.

The restriction that keeps Twin River from building a hotel was originally put in place to protect Providence area hotels from losing business.  But now Massachusetts plans to open three casinos and a slot parlor, threatening Twin River’s revenue.  Twin River officials have unveiled a proposal to build a four story hotel on their Lincoln property.

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Politics
8:46 am
Tue March 17, 2015

Twin River Casino To Make Case For Onsite Hotel

Twin River Casino is proposing a four story hotel on its Lincoln campus.
Credit RIPR FILE

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.

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On Politics
11:00 am
Wed March 4, 2015

Twin River Buying Newport Grand; Vows No Ballot Question for Table Games in 2016

Credit RIPR file photo

The operator of Twin River is buying Newport Grand while vowing not to seek the addition of table games at Newport "without broad-based community support."

"For the time being, I think it's safe to say it's pretty much business as usual from a Newport Grand perspective, but with the added benefit of having Twin River as a sister property," John E. Taylor Jr., board chairman of Twin River Worldwide Holdings, the parent of Twin River and Twin River Management Group, said in a telephone interview.

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RI News
9:56 am
Thu February 5, 2015

Developer Joe Paolino Confirms Purchase Agreement For Newport Grand

Joe Poalino hoped to buy Newport Grand slot parlor in 2014, but only if table games, like poker and black jack were allowed. Newport voters rejected the proposal.
Credit RIPR FILE

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.

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Politics
9:12 am
Tue November 4, 2014

Expanded Casino Gaming On The Line As Newporters Head To Polls

Newport Grand slot parlor; supporters hope to open table games in the facility, pending approval from voters.
Credit RIPR FILE

This Election Day Newport voters will decide whether table games like poker and blackjack will be allowed at Newport Grand slot parlor.  The issue has become divisive in the small waterfront city.

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On Politics
6:43 pm
Fri October 24, 2014

TGIF: 15 Things to Know About Rhode Island Politics & Media

Just 11 days until Election Day and the news is flowing fast and furious. Thanks for stopping by and, as always, feel free to follow me on the twitters or to drop a tip or comment at idonnis (at) ripr (dot) org. Here we go.

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On Politics
9:10 pm
Wed September 24, 2014

Paiva Weed Now Opposes Newport Casino Referendum; Developers Offer Added Incentives

Paiva Weed during a previous Statehouse news conference
Credit Ian Donnis / RIPR

Senate President Teresa Paiva Weed (D-Newport) on Wednesday night said she opposes the addition of table games at Newport Grand, after the Newport City Council voted 4-3 to reject the host agreement for a transformation of the slot parlor into a full-fledged casino.

"In light of the council's decision to not approve the host agreement, I can not support the referendum," Paiva Weed told RIPR.

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RI News
10:43 am
Tue August 19, 2014

A Crowded Field Will Squeeze Profits At New England Casinos

Credit File / RIPR

The rising number of casinos in New England that’s hurting the Foxwoods Resort Casino is both a threat to table games in Rhode Island and the reason to add more.

Analyst Clyde Barrow said the Foxwoods Resort and Casino in Connecticut has been losing millions of dollars since its peak in 2006. To blame: a slow economic recovery and a growing number of casinos in New England.

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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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