Twin River Casino in Rhode Island Facing Bankruptcy
The Twin River Casino in Rhode Island will soon become bankrupt if its creditors are not paid soon.
To avoid closing the casino down Governor of the Twin River parlour has requested allowance for its slots to be open 24 hours a day, seven days a week whilst the grey hound racing which normally takes place on the site will be ended due to its unprofitability.
Currently the casino is open 24 hours at the weekend however during the week it closes at 3am. It is hoped that keeping the casino open all day and night it will be able to remain open. It is predicted that the extended opening hours will earn $20 million for the state monthly.
Twin River has been in financial trouble since last year with local residents having already opposed the casino opening 24 hours a day during weekends. Ronald A. McKenna, president of the Lincoln Town council said, “They already objected to the weekend 24 hours. This will just make their situation worse. But obviously the governor has his mind all made up, and damn be the residents of Lincoln, as long as the state of Rhode Island gets what they want.”
Twin River is Rhode Island’s third largest source of revenue. Edward Mazze, professor at the University of Rhode Island commented, “The fact of the matter is we’re stuck. We don’t see other revenue sources coming in, and we’re going to fight hard to protect something that everybody is apparently against.”