I said it last year.
I said it recently – “TWIN RIVER NEEDS A HOTEL TO COMPETE AND STAY RELEVANT!”
So, I’m encouraged with last week’s news – Twin River’s chairman unveiled plans for the 150- to 250-room, four-story hotel during an appearance before the Lincoln Town Council.
State law explicitly prohibits the former greyhound track, which evolved into a slot parlor in the 1990s and became a full-fledged casino in summer 2013, from operating a hotel on its 190-acre proper it would take away their business. But that was a long time ago – the saturation of gaming in the northeast needs some legislative changes.
Rhode Island should now be more concerned with the siphoning away of casino revenue by Massachusetts casinos opening in the next three years. Elected officials in Rhode Island are so far cautious and noncommittal about the Twin River proposal, but their yearly budget should reflect the need to act now. The Rhode Island Public Expenditure Council said in a report that the budget for the 2015 fiscal year had projected a surplus of $500,000, but now the state faces a deficit, and the third grossing source of state revenue – gaming – will face more challenges without Twin River becoming more of a resort destination. A hotel will keep people there, spending more, returning more.
C’mon, Ocean State officials, loosen up your strangle hold on Twin River. It will only play in your favor in the long haul.
That’s all for now.