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.
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.
Plans for a slot parlor in nearby Plainville, Massachusetts, have received their final approval.
On Friday, the Massachusetts Gaming Commission voted to green-light Penn National Gaming's plan for the Plainville slot parlor.
Plainville is just a little bit north of Attleboro, so a slot parlor there would compete for customers with Twin River in Lincoln. That’s a concern for Rhode Island, since gambling is the state’s third-largest source of revenue.
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.
The Rhode Island Supreme Court has upheld a Superior Court finding that the Narragansett Indian tribe has standing to sue the state over the addition of table games at Twin River and Newport Grand. Yet it remains unclear if the tribe's suit will move forward.
Under state law, the Narragansett tribe gets about one fifth of one percent of all net revenue from video lottery terminals at Twin River in Lincoln. That’s up to a maximum of $10 million a year.
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.