RI: Sucked less $$$ from local economy

Although still sucking massive amounts from the local economy, Rhode Island is so addicted to Gambling Revenues.....anyone notice?

Video slot machine revenue tumbles at RI casinos

The Providence Journal / December 23, 2013

 

PROVIDENCE, R.I. (AP) — The state says the Twin River Casino took in more money in the first four months of the budget year, but revenue from video slot machines tumbled.

 

The Providence Journal reports (http://bit.ly/18HDnHZ ) that from July through October, the machines at Twin River produced $156.8 million, a drop of $572,946 from the same period last year before the new table games cut the number of video lottery terminals by about 200.

 

Combined with a $1.4-million drop at the Newport Grand slot parlor, the machines generated $1.9 million less than during the same period last year. It’s about $2 million less than state revenue officials expected.

 

Adding table games was supposed to boost the state’s take from the video slot machines. Officials blame occasional bad weather and the draw of the Red Sox.

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Information from: The Providence Journal, http://www.providencejournal.com

 

 

http://boston.com/news/local/rhode-island/2013/12/23/video-slot-machine-revenue-tumbles-casinos/qUbjVHV4ihAXToAN5t4N3H/story.html