Meetings & Information


Sunday, April 26, 2015

Here's how it goes.....we told ya so!

Lincoln, Rhode Island residents overwhelmingly OPPOSED 24/7/365 GAMBLING.
Guess what they got from the bankruptcy court?

Lost Local Control!

Anticipating Massachusetts Slot Barns, Twin River got table games.

During one of the Edumacational Forums conducted by the Massachusetts Gambling Commission [no longer available on their web site - the video seems to have disappeared], it was readily acknowledged that Plainridge [AKA Penn National] would return for table games, an expansion of Predatory Gambling.

During one of the early Gambling Hearing held on Beacon Hill in Gardner Auditorium, the public was told that the state becomes a partner in the success of Predatory Gambling, the state becomes addicted to the Gambling Revenues.

There will never be a limit.


Twin River wins approval for hotel

By Jennifer Bogdan

Journal State House Bureau
Posted Apr. 25, 2015 at 9:16 PM

PROVIDENCE, R.I. — Gov. Gina Raimondo has signed legislation clearing the path for Twin River to build a hotel at the state's only full-fledged casino.

State law prohibited a hotel from being built on the casino's sprawling Lincoln property in recognition of concerns once voiced by the Providence hotel industry, which feared competition.

But with the state facing imminent competition from Massachusetts casinos, elected officials favored lifting the restriction. Massachusetts' first gambling facility — a slots parlor in Plainville — will open in June just 12 miles from Twin River.

"As our neighboring states look to draw revenue and economic development away from Rhode Island, we need to examine every possible way to remain competitive and create more economic opportunities here in Rhode Island," Raimondo said in a statement.

Twin River Management Group will now vet the site plan with officials in Lincoln.

"We're grateful for the support we receive from the legislature and governor in lifting the prohibition on a hotel at Twin River," casino spokeswoman Patti Doyle said.

Twin River officials have said the hotel will be built in the style of a Courtyard Marriott or a Hampton Inn. The four-story hotel will have 150 to 250 rooms and cost $30 million to $35 million to construct.

The project is expected to create roughly 200 temporary construction jobs and 100 full-time jobs for employees needed to operate the hotel.

The House legislation was sponsored by Rep. Jeremiah T. O'Grady, D-Lincoln. The Senate bill was sponsored by Majority Whip Maryellen Goodwin, D-Providence. There was no substantive difference in the bills signed into law aside from sponsorship.

Twin River officials have said the hotel is not intended to draw in gambling from a larger radius. Instead, officials have said the focus remains on retaining "convenience gamblers" within the surrounding area who might be tempted to cross the Massachusetts border.

Casino officials have said they will not seek any tax breaks or concessions for the project.

Twin River and Newport Grand, the sources of a large share of state revenue, are under threat from gambling expansion in Massachusetts. Plainridge Park Casino — with 1,250 slot machines — will open this summer just 12 miles northeast of Twin River in the Massachusetts town of Plainville. In 2017, three resort casinos — with table games, hotel rooms, shops and other amenities are scheduled to begin opening across the the Bay State.

That competition — possibly joined by a tribal-run casino in Taunton — will drain millions of dollars in revenue from Twin River and Newport Grand.

The Rhode Island Public Expenditure Council, citing a recent analysis conducted for the Chafee administration by Christiansen Capital Advisors, forecasts a 13.8-percent decline in the state’s video-gambling revenue in 2016, and as much as 40 percent in later years.

“A hotel would complement table games and help Twin River to differentiate itself from the Plainridge casino,” said Alex Bumazhny, a Fitch Ratings financial analyst. “It could soften the blow from the new competition in Massachusetts but not offset it entirely.”

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