Saturday, June 13, 2015
Rhode Island's Addiction to Gambling Revenue
“An important part of our business philosophy has been to listen to what our customers want, and the addition of a poker room is one of the most often heard requests,” Taylor said in a statement. “We’re thrilled to increase the number of table games we currently offer, which also means we will expand our workforce once again.”
Twin River, formerly a slots-only racetrack facility, installed its first 66 table games two years ago and, due to their success, added 14 more six months later. The additional 28 games, bringing Twin River's complement to 108, have been approved by the Rhode Island Department of Revenue’s lottery division and should all be in place by early fall.
Twin River will continue to operate more than 4,225 slots. By comparison, Foxwoods Resort Casino operates about 4,700 slots and Mohegan Sun some 5,300. Foxwoods has about 250 table games and a 90-table poker room that's the largest on the East Coast. Mohegan Sun has about 275 tables as well as a 42-table poker room.
Twin River also plans to add a hotel.
“Our product is more robust than what is envisioned for Plainville, Mass., due to open later this month, and we will continue to explore ways to remain competitive in this challenging regional market,” Taylor said.
Twin River’s parent is seeking to buy Newport Grand, Rhode Island’s only other gaming facility, and plans to transfer the gaming license to a facility it would build in Tiverton, a town on the Massachusetts border. The move is subject to state approval and state and local referendums that would be held in 2016.