Rhode Island Gambling Deal with Bally’s and IGT Extended by 20 Years

Rhode Island Governor Daniel McKee has signed into law an extension to the current gambling deal with International Game Technology (IGT) and Bally’s Corporation that will see the two companies run Rhode Island’s gambling operations for the next 20 years.

Acts 2021-H 5223A and 2021-S 0040A were sponsored by House Speaker K. Joseph Shekarchi and Senate President Dominick Ruggerio and will see the implementation of a $250M economic development plan that will protect the state’s third largest source of tax revenue. Part of that plan will see the renovation and expansion of the Twin River Casino Hotel in Lincoln including upgrades to the casino’s gambling technology.

Speaking of the new legislation, Speaker K. Joseph Shekarchi said:

Senate President Ruggerio added:

“The Senate Finance Committee undertook an exhaustive review of this proposal and developed legislation that protects more than 1,000 jobs, guarantees significant capital investment, and preserves the state’s third-largest revenue stream. I am grateful to Speaker Shekarchi for working to enhance the proposal to further benefit the state, and to IGT and Bally’s for their continued partnership and investment in our state.”

The deal also includes an agreement that the Rhode Island union workforce will be the main contractors for the 18-month $100M expansion of the Twin Rivers.

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.