RI sees at-home casino gains with Mass. delays
PROVIDENCE, R.I. (AP) — Rhode Island officials say the state’s two gambling parlors are expected to boost revenue as Massachusetts sorts through casino plans and state reviews.
The Providence Journal reports (http://bit.ly/qYXi8C) that a long-expected fall in revenue at the Twin River Casino and Newport Grand expected in the budget year beginning July 1, 2014, is now expected the following year.
Officials expect the two businesses to generate $330.1 million in revenue this fiscal year and $334.7 million next fiscal year.
Plans by Connecticut’s two Indian casinos, Foxwoods and the Mohegan Sun, were rejected by voters in Massachusetts, though Mohegan Sun will partner with Suffolk Downs.
Voters also rejected a casino proposal in West Springfield.
Gambling expert Clyde Barrow at the University of Massachusetts-Dartmouth says the casino roll-out in Massachusetts is the slowest anywhere in the U.S.
Information from: The Providence Journal, http://www.providencejournal.com