Courtney Caligiuri of WPRI News reported yesterday that Twin River Management Group announced Tuesday it has secured the rights to acquire land in Tiverton, Rhode Island and plans to move its Newport Grand slots parlor to the new facility, thus more effectively competing with new gambling facilities that are set to open in Massachusetts. This announcement comes a month after Twin River reached a deal to purchase Newport Grand.
This comes as complete surprise to this blogger, but makes total sense if completed. After all, the city of Newport has held back Newport Grand for years, stopping expansion and table games – but they sure love the added tax revenue thought, don’t they.
Twin River said it has already secured the purchase rights to about 45 acres of undeveloped land in Tiverton, just off William S. Canning Boulevard (Route 81) next to the Route 24 interchange where it wants to build the new casino, about 400 feet from the Massachusetts state line.
The existing Newport Grand gaming license would be transferred to the proposed new casino. Twin River said it wants the Tiverton casino to have between 1,000 and 1,100 slot machines as well as 30 to 40 table games. It’s possible a “small” hotel would be built alongside the casino, said John E. Taylor Jr., chairman of Twin River’s board of directors
Ms. Caligiuri writes “Rhode Island joins Connecticut in trying to expand gaming to compete with new casinos in Massachusetts. Lawmakers in Hartford are considering a proposal that would allow up to three gaming facilities in their state, which would be run jointly by the Mohegan and Mashantucket Pequot tribes. Proponents have expressed a desire to build the first such facility along the Interstate 91 corridor between Hartford and Springfield, to compete directly with MGM’s planned Springfield casino.”
Newport’s loss, New Bedford’s worry, and Rhody’s win. Who has the next move in this casino chess match? Chess match or soap opera? Tune in again.
That’s all for now.