Twin River

On Politics
2:46 pm
Fri July 11, 2014

Scott MacKay Commentary: The R.I. And Mass. Casino Conundrum

Slots are the only attraction at Newport Grand, but a group is trying to bring table games to the casino.
Credit RIPR FILE

It’s election year in Rhode Island. RIPR political analyst Scott MacKay parses the one issue that never goes away in our small state – casino gambling.

There’s an old gallows humor joke about banks and creditors. If you owe the bank $30,000, the bank owns you. If you owe the bank $300 million, you own the bank.

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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
1:02 pm
Wed July 2, 2014

Joe Paolino moving to Newport, planning strong table games campaign for Newport Grand

Former Providence Mayor Joseph Paolino has been a stalwart booster of Buddy Cianci’s redemption tour. But now that Cianci has filed for election for Providence mayor and Charles Mansolillo has been appointed Cianci’s campaign manager, Paolino is turning his political attention to Newport, where he is part of a group that wants to buy and improve the Newport Grand gambling emporium.

(Rhode Island being Rhode Island, Paolino and Mansolillo are well-acquainted; the two ran against each other for mayor in 1986 in a campaign won comfortably by Paolino).

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Politics
8:33 am
Tue July 1, 2014

Table Games Back On The Ballot After Senate Reconvenes

Newport Grand currently has only slot games, but a referendum will let Newport voters decide on table games, a measure which failed just two years ago.
Credit RIPR FILE

In what the Senate president called “an abundance of caution” the state senate voted again and approved a bill putting casino gambling in Newport on the November ballot.

Senate President Teresa Paiva Weed says the governor’s legal counsel was worried that the part of the bill giving $1.5 million dollars to Newport would be considered an appropriation. And appropriation measures need a two-thirds majority, or 26 votes. It got only 24 votes in the final hours of the session.

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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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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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RI News
9:09 am
Thu May 29, 2014

Newport Residents May Vote Once Again On Table Games At Newport Grand

The Newport City council has approved a resolution that could put table games back on the ballot. The council will ask the General Assembly to put the question to Newport voters.

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The Bottom Line
1:50 pm
Fri March 28, 2014

The Bottom Line: How Twin River Will Compete With Gambling In MA

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 with Twin River Chairman John Taylor. They discuss where Massachusetts is looking to put a slot parlor and casinos and what that means for Twin River’s bottom line.

When to Listen

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

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@ripr.org

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Political Roundtable
4:00 am
Fri March 7, 2014

Political Roundtable: Fung on Pensions, Block's Challenge & the Threat to RI's Gambling Revenue

Credit Ian Donnis / RIPR

Cranston Mayor Allan Fung, a Republican candidate for governor, joins Political Roundtable this week to discuss his plan for beating rival GOP candidate Ken Block; his opposition to Rhode Island's proposed pension settlement; the impact of Massachusetts gambling on Twin River; and Myrth York's endorsement for Gina Raimondo.

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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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