Is Newport Grand in RI Ready For A Change?

So, you’re driving over the Newport Bridge.  On the other side, the first thing that catches your eye is this:

Newport Grand Slots

Newport Grand Slots

 

 

If you have ever visited Newport Grand Slots, you will probably agree with me that hospitality and service is friendly, the two entertainment venues are good (featuring Tribute Bands in the large venue), the assortment of slots are adequate for a small casino, and the food options are good for it’s size, featuring a little gem in the small but delicious buffet on the lower level.

I have said all along that the future of this property is tenuous at best.  The New England casino expansion, the addition of table games at Twin River (Newport voted against table games in Newport) and having two of the largest American casinos next door in Connecticut, (while Foxwoods & Mohegan Sun are still reeling in revenue declines) consistently puts pressure on keeping the doors to Newport Grand open.

Could there be hope on the horizon?  Former Providence Mayor and Developer/Investor Joseph Paolino Jr. said with Newport Grand seeing a decline in revenue and jobs in recent years and with Foxwoods talking about building a $1 billion casino in Fall River., Mass., he’s in negotiations to buy Newport Grand and transform it into a world class establishment to make Newport and Rhode Island proud.  Paolino, along with partners Peter de Savary and Paul Roiff, is in talks with the slot parlor’s owner Diane Hurley over a possible sale. Continue reading