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.
Good news for drivers in Rhode Island. Gas prices went down four cents in the last week. The state average for a gallon of regular unleaded now costs $3.64.
That’s according to the latest survey from AAA of Southern New England.
Despite the drop Rhode Island drivers are still paying more than the national average, which is twelve cents cheaper at $3.52. The current Rhode Island price is still cheaper than the price last year which was sixteen cents more.
The federal government has not asked Rhode Island to shelter some of the migrant children entering the country by the thousands from Central America. More than 100 are already living in the state.
There are currently 119 kids in Rhode Island. That’s according to data from the U.S. Department of Health and Human Services. These children were not moved here by the federal government, but placed with sponsors, who are family or friends already living in the U.S. The placement has been happening since January. It’s unclear how long the children will be staying.
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.
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.
Gas prices have dropped by a penny in both Rhode Island and Massachusetts. The latest survey from AAA Southern New England puts the average gallon of regular unleaded at $3.59. That’s a tiny bit above the national average but lower than what drivers were paying at the pump a year ago.
Bay State drivers are paying an average $3.51 a gallon. That’s also down a penny from last week.
AAA urges drivers in both Rhode Island and Massachusetts to shop around, since the range in gas prices spans from 21-cents in Rhode Island to 32-cents in Massachusetts.