![]() ![]() With Twin River now out of the picture, and on its side in this agreement, it makes it easier to obtain.Īccording to the Providence Journal, IGT will keep seeking General Assembly approval of legislation by authorizing the governor to extend the contract to 2043. Twin River is going to have a 40% stake.Īlso, perhaps the most intriguing benefit of everything for IGT is the goal of reaching a 20-year contract from the state gambling regulators. IGT is going to make out a large way in this deal, as they’ll take over as a 60% shareholder of this merged company. That is big in terms of revenue heading out of state with those video slot machine suppliers and makers. Twin River is set to become simply a casino operating company, to a company that now has video slot machines. The proposal is in place and if it indeed goes through the process with the state, gambling boards and lawmakers are next to look at it. On top of that, a new headquarters would open in the city of Providence with roughly 12,000 square feet of space. The plan is for a $100 million renovation and expansion at the Lincoln area Twin River casino. The two companies are now the biggest in the Rhode Island gambling industry with Thursday afternoon's agreement, according the to the Providence Journal. International Game Technology (IGT) and Twin River have come together after long standing disputes between one another. ![]()
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