In Massachusetts, this bill was filed but not passed: Bill would bar any casino bailout
Of Twin River:
In 2010, he said, the state of Rhode Island put up $3.7 million in new annual marketing subsidies for the gaming operation to keep the Twin Rivers casino operating under new ownership. The bailout legislation obligated taxpayers to reimburse the owners for any losses incurred from other competitors in the state.
“They went bankrupt, and debtors assumed ownership, and some were large banks, including Bank of America,” Mr. Beaton said.
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