Newport Grand

On Politics
1:19 pm
Wed March 4, 2015

RI Supreme Court Dismisses Narragansett Tribe Challenge To RI Casino Law

In the never ending casino legal joust between the state and the Narragansett Indian Tribe, the Rhode Island Supreme Court has dismissed a challenge to the constitutionality of the state Casino Act.

Read more
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.

Read more
The Bottom Line
11:39 am
Wed February 18, 2015

The Bottom Line: What's The Next Step For Twin River

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.

Read more
Political Roundtable
4:00 am
Fri February 6, 2015

Political Roundtable: Paolino on Newport Grand, Gist's Departure & Raimondo's Moves on 1-195

Credit Ian Donnis / RIPR

Developer, real estate owner and former mayor Joseph R. Paolino Jr. joins Political Roundtable to discuss his contingent agreement to buy Newport Grand; the pending exit of Education Commissioner Deborah Gist; and Governor Gina Raimondo's moves to remake the I-195 Redevelopment District Commission.

Read more
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.

Read more

Pages