Good News and Bad News for Twin River Out of Massachusetts
GoLocalProv News Team
Good News and Bad News for Twin River Out of Massachusetts
There is both good and bad news for Twin River Casino and Rhode Island’s revenue stream.
On the good news side the soap opera of locating a casino outside Boston in Somerville which looked like it was poised to break ground this spring took yet another twist when the developer - Steve Wynn put the project on hold.
The Boston Globe reports, “because of continued objections to a key environmental permit by officials in Somerville, just across the Mystic River from the massive project.
The delay, announced at a press conference featuring dozens of labor groups and two mayors who support the casino, ratchets up the pressure on Mayor Joseph Curtatone of Somerville, who has emerged as the last major holdout against the Wynn casino, and escalates a simmering, high-stakes feud.”
This appears to be just the latest in the chest pounding between casino operator Steve Wynn and Mayor Curatone.
Bad News for Twin River
On the bad news sign, Plainridge Casino is showing some signs of rebounding. The Massachusetts slot parlor started off in the summer of 2015 with great fan fair and impressive revenue, but the numbers did not hold.
The Massachusetts Gaming Commission (MGC) reported earlier this month that Plainridge for the the month of January 2016 generated $12,531,140.69 in Gross Gaming Revenue (GGR).
To date, the Commonwealth has collected $49,373,227.47 in total state taxes and race horse assessments from Plainridge Park Casino since its June 24, 2015 opening.
How Do Twin River Casino and Plainridge Park Casino Match Up?
Number of Slot Machines
Twin River: 4,500
Plaindridge Park: 1,200
Twin River has nearly four times the number of slot machines that Plainridge Park has available.
Photo courtesy of: Flickr/Raging Wire
Number of Table Games
Twin River: 80
Plaindridge Park: 50
Twin River offers 30 more table options than Plainridge Park, including poker, blackjack, craps, and more.
Photo courtesy of Flickr/Images Money
Payout Percentage
Twin River: 90.845%
Plaindridge Park: N/A
The data for Plainridge Park will come out in the coming months, but Twin River's customers won back 90.845% of their money in May of 2015.
Photo courtesy of Flickr/Jessie Hodge
Square Feet
Twin River: 300,000
Plaindridge Park: 106,000
Twin River's facility is nearly triple the size of Plainridge Park's and neither is limited to gambling areas.
The former has an event center, a cigar bar, and more. The latter has several restaurants and a horse track.
Number of Hotel Rooms
Twin River: None
Plaindridge Park: None
Neither Twin River or Plainridge Park currently offer hotel accomodations for their customers. Instead, they suggest to search for nearby options.
However, plans to build a hotel at Twin River were approved in March of 2015 by the RI House of Representatives. A date for when construction would be finalized has not been announced.
Number of Restaurants
Twin River: 2
Plaindridge Park: 2
While both facilties offer food court options, each has two prominent dining locations.