Former Providence Mayor Joseph Paolino said he and some partners are interested in buying Newport Grand. Paolino said the struggling slot parlor needs to be saved before table games come to Massachusetts.
Paolino said he and his two partners have been talking with owners of Newport Grand since last summer. Since then Foxwoods has been looking at building a casino in Fall River, and Paolino sees that as a dire threat.
Every serious candidate says Rhode Island’s poor economy is the top issue in this year’s governors’ race. RIPR political analyst Scott MacKay says it’s time for Rhode Island to sort economic myth from reality.
Say hello to any of the five major candidates for governor and you’ll get a marathon run of rhetoric on the need to create jobs in our struggling state. On the Republican side, Ken Block and Allan Fung have both talked about ushering in a better business climate, lowering taxes and looking for ways to save taxpayer money.
Rhode Island’s gaming industry is keeping a sharp eye on what’s happening in Massachusetts as the state’s gambling commission works out where to license up to three resort-style casinos and a slot parlor.
Rhode Island pulls in enough money from Twin River and Newport Grand to make gaming the third largest source of revenue for the state. Casinos in Massachusetts threatens that revenue.
So how close is Massachusetts to having casino gambling? Rhode Island Public Radio's Elisabeth Harrison spoke with The Boston Globe’s Mark Arsenault to find out.
In what would be a serious threat to Rhode Island’s state gambling revenue stream, Fall River is eyeing yet another attempt to enter the casino market.
Mayor William Flanagan has scheduled an announcement for Tuesday on a deal for a $750 million casino in the seen-better-days onetime textile center in southeastern Massachusetts that practically straddles the R.I. border, according to several Massachusetts media outlets, including WBUR.
Partnering with Fall River would be Foxwoods, the Connecticut-based tribal gambling empire.
More bad news for Rhode Island gambling venues: Connecticut’s Mohegan Sun casino has announced a major retail expansion at its flagship property in Uncasville, Conn. The new retail destination will have 200,000 square feet of entertainment, shopping and dining. The new facility will be located next to the Winter Garage. Construction is slated to begin later and the space is scheduled to open in early 2015.