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09/25/2008
Games of chance are no longer a safe bet for R.I.
Games such as Keno have been declining, and Powerball ticket sales are down compared to a year ago, but instant ticket sales are up.
Newport Grand unveils expanded slot parlor, new cafe
NEWPORT — Newport Grand yesterday celebrated the completion of a $28-million renovation that transformed its former jai alai fronton into additional space for more video-slot machines, new virtual blackjack tables and expanded food and beverage service.
09/24/2008
Carcieri: Rhode Island must get its full share from Twin River
The governor says he wouldn’t oppose shutting the dog track to save money, but won’t agree to a smaller cut from the financially troubled slot parlor in Lincoln.
09/23/2008
Twin River bankruptcy probable, debt-rating agency says
Moody’s Investment Services says the fact that Twin River has stopped making interest payments on its debt has increased the chances of a bankruptcy filing.
09/22/2008
S&P lowers its credit rating of Twin River owner
The demotion on Friday, from CCC- to D, stems from the financially ailing slot parlor’s recent announcement of a “forbearance” agreement on loan payments.
09/13/2008
Lenders give Twin River an extension
The slot parlor’s owner, UTGR Inc., has negotiated for months with its lenders to rework $577 million in financing.
09/04/2008
Twin River under R.I. scrutiny
Two advisory firms are reviewing all aspects of the financial operation of the slot parlor.
09/03/2008
Financing deal eludes owner of Twin River
Slot-parlor owner UTGR Inc. has been negotiating for months with its lenders to rework the $577 million in financing it has tied to Twin River’s operations.
08/30/2008
No deal yet between Twin River and lenders
After Twin River missed a loan payment in March, lenders have granted the owners several extensions to rework $577 million in financing.
08/03/2008
R.I. Statewide Coalition meeting draws 300
About 300 members of the Rhode Island Statewide Coalition turn out on a Saturday in August to talk about what’s on their minds.
R.I. Statewide Coalition meeting draws 300
About 300 members of the Rhode Island Statewide Coalition turn out on a Saturday in August to talk about what’s on their minds.
07/08/2008
State takes steps to protect its gambling take
Revenue director Gary Sasse says extra measures are in place to ensure the state gets its gambling money.
06/28/2008
Pequots cut 200 jobs at casino
The layoffs are believed to be the first in the history of Foxwoods Resort Casino, which is being hurt by high fuel prices and the faltering economy.
06/19/2008
Dog days for BLBMore difficulties for Twin River owners
Efforts by the owners of the Twin River slot-machine facility in Lincoln to expand their gambling operations in Colorado are stalled, falling victim to the political climate out West and financial problems in Rhode Island, according to observers in the Rocky Mountain state.
06/13/2008
In ‘dire’ straits, Twin River seeks a new deal with state
Having missed loan payments and in danger of falling into bankruptcy, the owners of the gambling facility offer the state $500 million now in exchange for a larger share of video-slot revenues in the future.
In ‘dire’ straits, Twin River seeks a new deal with state
Having missed loan payments and in danger of falling into bankruptcy, the owner of the gambling facility offers the state $500 million now in exchange for a larger share of video-slot revenues in the future.
In ‘dire’ straits, Twin River seeks a new deal with state
Having missing loan payments and in danger of falling into bankruptcy, the owner of the gambling facility offers the state $500 million now in exchange for the a larger share of video slot revenues in the future.
06/11/2008
Twin River gets OK for gambler-rewards program
But the facility, which hopes to boost revenues during the three-month trial period, must repay the state a set amount if the promotion falls short of expectations.
05/20/2008
Casino hopes alive in Mass.
Investor looks to expand land holdings in Western Massachusetts, as casino supporters in the Senate vow to loop legalizing gambling into the upcoming budget debate.
05/11/2008
Twin River goes round-the-clock
With an all-night weekend schedule, plenty of players were pecking away on the video slots yesterday past the usual 2 a.m. closing.
Twin River goes round-the-clock
With an all-night weekend schedule, plenty of players were pecking away on the video slots yesterday past the usual 2 a.m. closing.
05/07/2008
House, Senate override veto of 24-hour gambling
Over Governor Carcieri’s objection, Twin River in Lincoln and Newport Grand will be allowed to operate around the clock on weekends and holidays starting Friday.
House, Senate override veto of 24-hour gambling
Over Governor Carcieri’s objection, Twin River in Lincoln and Newport Grand will be allowed to operate around the clock on weekends and holidays starting Friday.
05/06/2008
Carcieri vetoes bill for 24-hour gambling
PROVIDENCE — While lawmakers are counting on round-the-clock gambling on weekends and holidays at Twin River and Newport Grand to raise upward of $14 million in new money for the cash-strapped state, Governor Carcieri has vetoed the legislation.
05/05/2008
Study finds Bay Staters support casinos
Overall, the survey commissioned by a real estate developer finds that 57 percent of residents would like to see at least two casinos in the Bay State.
05/01/2008
Governor ‘likely’ to veto 24-hr. gambling
Governor Carcieri says he thinks revenue estimates are inflated; the House and Senate may be able to override a veto.
04/30/2008
24-hour gambling OK’d on weekends, holidays
The legislation extends operating hours on weekends and holidays at Twin River and Newport Grand, a move that advocates say will bring millions more to the cash-strapped state.
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