• Tháng Bảy 7, 2019

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Twin River Rages Against Rhode Island IGT Slot Machines Deal

Category : News

Twin River Worldwide Holdings, the parent company of Rhode Island’s two Twin River-branded casinos in Lincoln and Tiverton, has kicked off an ad campaign against the recently announced deal between the state and gambling machine manufacturer IGT, the Providence Journal reports.
A full-page ad on today’s edition of local news outlet The Sunday Journal aims to convince Rhode Island legislators that the $1 billion, no-bid, 20-year deal is bad for the state and its gambling industry.
The deal was secured late last month by Gov. Gina Raimondo. It was announced on the penultimate day of this year’s legislative session. The deal needs to be approved by both House and Senate lawmakers and they are expected to vote on it this fall.
If the proposed 20-year contract is approved by legislators, it would see IGT retain its exclusive right to operate traditional lottery games in the state and to provide 85% of the gambling machines at Rhode Island’s two casinos – Twin River Tiverton and Twin River Lincoln.
Under the terms of the no-bid deal, IGT will pay the state $25 million and will be required to employ 1,100 people from Rhode Island over the course of the deal. In addition, the gambling tech firm has agreed to invest $150 million in the state over the deal’s life. IGT will also upgrade Rhode Island’s digital lottery system, provide free updates, and upgrade the slot machines at the two casinos.
State Taxpayers Should Be Terrified of the Deal
Twin River Executive Vice President Marc Crisafulli said last week ahead of the start of his company’s ad campaign that state taxpayers “should be terrified by this deal” and that a potential $10 billion in state gambling revenue is at risk “due to the lack of [a bidding] process, the absence of any competition, the rushed nature of the deal… and the fact that the deal doesn’t seem to make any business sense.”
According to the executive, of all three companies that provide gambling machines to Twin River’s two casinos in Rhode Island, IGT finished last in the competition for gambling money last year. Mr. Crisafulli explained that over the past 12 months, IGT’s slots at the properties in Lincoln and Tiverton netted $258 per machine per day for an annual gambling yield of $94,000. The state trousered approximately $56,000.
However, machines provided by Everi netted $303 per machine per day for an annual of $110,000 per machine. The state kept $66,000. Scientific Games machines provided average $401 per machine per day for $146,000 annually from each of the company’s machines at the two Twin River casinos. The state collected an $87,000 share per machine annually.
Twin River’s ad condemning the deal reads:
“The Governor cannot side step Rhode Island’s purchasing law. She cannot enter into a no-bid contract without a vote of the Rhode Island House and Senate. We believe that this agreement is not in the interest of the Rhode Island tax payers. Over the next weeks, we will share with you our concerns and further explain why this is a bad idea.”
Mr. Crisafulli further elaborated last week that what the Governor has done would harm the state gambling industry’s potential to compete in the regional market that has seen the opening of three casinos in neighboring Massachusetts and could see the opening of a fourth one as well as of a third one in Connecticut.
According to the Twin River official, the 20-year IGT deal not only “does not help us to compete… it’s a burden that makes us less competitive.”
IGT and Rhode Island originally penned a 20-year deal in 2003, when the gambling machine manufacturer operated under the GTECH brand. Under that deal, GTECH agreed to pay Rhode Island $12.5 million and keep 1,000 employees in the state as well as to maintain a $65-million downtown Providence headquarters.
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The post Twin River Rages Against Rhode Island IGT Slot Machines Deal appeared first on Casino News Daily.

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Goulet, Mary Lou (Barry)
Passed away on September 8th surrounded by her loving family. She was the daughter of the late James and Mary (Galvin) Barry, the wife of Harvey Goulet Jr. for 56 years, the mother of Mary Ann Goulet and Michelle Goulet Wood (James Wood), and the Nana of her three adored grandchildren Jimmy, Mikayla and Victoria Wood. She leaves behind her sister Patricia Barry, sister-in-law Terry Goulet and many nieces and nephews. She was the sister of the late Ann (Barry) Mumme, and the sister-in-law of the late Donald Goulet. Born and raised in Pawtucket, she graduated from St. Leo’s School and Sacred Heart High School. Mary Lou worked at American Insulated Wire Corp where she met her husband. After having children, she volunteered at St. Mary’s school where her children and grandchildren attended. She also proudly worked in the Legislative Research office in the Rhode Island State House. Her favorite hobbies included shopping at Filene’s, JC Penney and Macy’s, and gambling at Twin River, Plainridge, or anywhere there was a slot machine. She loved to travel with her family; Ireland, Florida, Cape Cod, but Aruba was her favorite. She was a diehard fan of the Red Sox and Patriots and she never gave up on her team if the game was not over. A very religious woman, she was a Communicant of St. Mary’s in Pawtucket where she also was a Eucharistic Minister and stayed involved and supported any activities related to her parish. In lieu of flowers please send donations in her name to St. Mary’s Church or Meeting Street School.
Goulet Jr. Harvey Eugene,
Joined his wife (of 56 years) in eternal life on September 10th, two days after her passing. Even death could not keep them apart. He was the son of the late Harvey and Anna (Bociek) Goulet Sr., father of Mary Ann Goulet and Michelle Goulet-Wood (James Wood), and the proud Jaju of his beloved grandchildren Jimmy, Mikayla, and Victoria. He leaves behind his sister-in-laws Terry Goulet and Patricia Barry, and many nieces and nephews. He was the brother of the late Donald Goulet, and the brother-in-law of the late Ann (Barry) Mumme. In 1961 Harvey began his career at American Insulated Wire Corp where he would go on to meet his wife. He worked there for 40 years and retired in 2001 as the Vice President of Administration. He went on to serve as the Director of Administration for the City of Pawtucket under the late Mayor James Doyle from 2002 to 2011. Harvey proudly served his community as a State Representative for District 75 from 1982 to 1992. He was also a member of the Knights of Columbus, the Society of Jacques Cartier, the 5th District Democratic Committee, the State Democratic Committee, a Commissioner on the Pawtucket Housing Authority board and many others. Harvey was born and raised in Pawtucket where he has made a lifetime impression on those who were privileged to know and work with him. A true community leader with the highest moral character, mentoring youth through coaching both Little League baseball and St. Mary’s CYO basketball for over 25 years. He was proud to be called “coach”. He was a Communicant of St. Mary’s Parish in Pawtucket and had been a supporter and involved in any activities related to his parish.
Relatives and friends are invited to attend Mr. and Mrs Goulet's Mass of Christian Burial on Wednesday, September 16th at 11am in St. Mary Church, Pine St., Pawtucket. Burial will be private. Calling hours will now be held TUESDAY, September 15th from 4:00 - 7:00pm at Keefe Funeral Home, Five Higginson Ave., Lincoln. In lieu of flowers please send donations in their memory to St. Mary’s Church or Meeting Street School.

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Bally Manufacturing, later renamed Bally Entertainment, was an American company that began as a pinball and slot machine manufacturer, and later expanded into casinos, video games, health clubs, and theme parks.