Twin River

On Politics
4:00 pm
Wed December 3, 2014

RI Sales, Income Tax Collections Up, Gambling Taxes Down

Gambling revenues were down at both Twin River and Newport Grand (pictured) from the same time last year.
Credit RIPR FILE

Some good news for Rhode Island’s  state budget: income and sales tax receipts are up over last year’s totals.

That’s the report from the state Department of Revenue comparing state revenues through October with the same period last year. Income tax collections are 3 percent about last year and sales levies are up 4.3 percent, according to data released today.

On a more sober note, state gambling tax collections are down 1.3 percent from the same period last year.

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RI News
10:43 am
Tue August 19, 2014

A Crowded Field Will Squeeze Profits At New England Casinos

Credit File / RIPR

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.

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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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