Twin River Bids For Operating Rhode Island Lottery

Twin River Bids For Operating Rhode Island Lottery

Twin River and Camelot Lottery Solutions have tendered a joint proposal to operate the Rhode Island lottery system.

The duo has submitted their proposal to the offices of Rhode Island’s Governor, Speaker of the House and Senate President.

The gambling operator in its proposal has said that they would create 1,100 new jobs. Moreover, they have also given a $100 million guarantee. An investment of $75 million in development has also been promised.

Marc Crisafulli, Executive Vice President of Twin River Worldwide Holdings, said, “We believed all along that Rhode Island would secure a much better deal through a competitive bid process and tod saiday’s bid submittal demonstrates exactly that.”

“As is evident, we have significantly improved upon the no-bid deal under consideration for IGT in many areas, notably in the shorter term, the lower fees to the state, meaningful investments in real estate development and a $100m guarantee to secure 1,100 new jobs, all while matching every other element of the proposed IGT deal.”

Twin River is challenging rival IGT. Recently, Rhode Island State Lottery ordered Twin River Worldwide Holding which operates the two casinos in the state to remove 360 of its “underperforming” video slots. The gambling operator has Video slots provided by the gaming technology and services company IGT.

At present, there are 4,364 IGT’s gambling machines in the state. The figures represent a total of 84 percent of gambling machines at Rhode Island’s two casinos. On the other hand, Scientific Games provides 616 and Everi provides 195 gambling machines.

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