In Summary:
Lawmakers in Rhode Island are going to review on Thursday an updated version of a gambling contract between the Rhode Island Lottery, IGT, and Bally s Corp
Under the updated proposal, upfront payment to the state changes from $25 million to $27 million
The gambling contract is expected to bring $300 million annually for Rhode Island and create new workplaces
Rhode Island’s House Finance Committee is going to review an updated version of a gambling contract between the Rhode Island Lottery, IGT, and Bally’s Corp
tomorrow. The updated contract proposes the creation of new workplaces and is expected to bring the state approximately $300 million annually.
The reworked Lottery deal increases revenue to our state and preserves critical jobs, the lead negotiator, House Speaker K. Joseph Shekarchi, said.
Simply put: The bill headed for a vote by the House Finance Committee on Thursday obligates the IGT-led partnership to 1,100 jobs in Rhode Island in exchange for exclusive control through 2043 of the technology that runs Rhode Island s state-sponsored gambling, from the Keno machines at the corner store to the two glitzy casinos.
It also obligates Bally s to create at least 30 new jobs at a corporate headquarters in Rhode Island by Dec. 31, 2022.
It is not yet clear if Bally s – the new corporate name for the company formerly known as Twin River Worldwide Holdings – is making Rhode Island the center of its corporate world.
Marc Crisafulli - driving force behind the legislation
A new compromise version of the legislation enabling the agreement between the State of Rhode Island and IGT and Twin River, now Bally’s Corporation, will be considered by the House Finance Committee on Thursday, May 6.
The amended legislation has been named the Marc A. Crisafulli Economic Development Act to honor the executive vice president of Bally’s, who is battling cancer. He has been a driving force in the growth of Bally s.
H 5223 Sub A as amended is an economic development investment of more than $250 million to preserve and enhance Rhode Island’s third-largest source of revenue. GET THE LATEST BREAKING NEWS HERE SIGN UP FOR GOLOCAL FREE DAILY EBLAST
House revamps $1b deal for IGT, Ballyâs to handle R.I.âs gambling technology
The new version of the proposal would protect more than 1,000 jobs and guarantee big capital investments
By Edward Fitzpatrick and Alexa Gagosz Globe Staff,Updated May 4, 2021, 4:00 p.m.
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A patron plays an electronic game at the Twin River Casino in Lincoln, Rhode Island on June 8, 2020.Gretchen Ertl/The Boston Globe
PROVIDENCE â The House on Tuesday unveiled a revamped version of a proposed no-bid, $1-billion deal for IGT and Ballyâs to handle the stateâs gambling technology for the next two decades.
R.I. Veterinary Medical Association provides vouchers to low-income pet owners
VOLUNTEER: Rhode Island Veterinary Medical Association Companion Animal Foundation President Elizabeth Suever, pictured with Neala, volunteers her time serving the organization, which is providing vouchers to assist low-income pet owners during the COVID-19 pandemic. / COURTESY ROBERT KNYCHALSKI The Rhode Island Veterinary Medical Association, through its Companion Animal Foundation, is providing a first-of-its-kind assistance program to low-income animal owners who need essential services for their pets. The organization, located on South Angell Street in Providence, is assisting pet owners by funding the cost of exams and vaccines and the treatment for illness or…