2014 Government Regulations & Business Summit
Join PBN and our sponsors for our Government Regulations & Business Summit on Th ...
By PBN Staff
With Rhode Island facing yet another major budget shortfall and neighboring Massachusetts likely to create full-fledged destination casinos in the near future, the revenue from the state’s gambling establishments, Twin River and Newport Grand, has taken on added importance.
The owners of Twin River released a study last week that showed what the facility’s economic impact on the state is today, as well as what it would be if it were allowed to add 65 table games. In addition, it noted that depending on what Massachusetts set up, up to one-third of its revenue could be lost.
The question is, should Rhode Island expand gambling at its two gaming operations in order to safeguard, if not expand, revenue flowing to the state’s coffers?