NEW: Mattiello, Ruggerio Request Additional IGT Documents from Raimondo
GoLocalProv News Team
NEW: Mattiello, Ruggerio Request Additional IGT Documents from Raimondo
“We are committed to properly vetting this legislation by way of public hearings to determine the appropriateness of forgoing the normal bid process for a contract of this length, scope and magnitude,” Mattiello and Ruggerio wrote in a letter.
They added, “the General Assembly and the public need an opportunity to review the information and details prior to any legislative hearings being scheduled,” and requested documents be submitted to them by Aug. 30 “so that a well-informed public vetting process can get underway.”
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Among some of the documents requested are: a proposed contract or the terms of the agreement in principle as negotiated between the Governor’s office and IGT; detailed information about the 1,000 jobs required in the current contract; underlying data used in a report on the economic impact of the 1,100 jobs and capital investments to be required with the contract extension, along with any consultant, legal or other reports relied upon during the Governor’s negotiations with IGT.
Pending Agreement
Under the terms of the agreement, IGT will be responsible for a $25 million payment to the State, $150 million in capital investments over the next 20 years, and at least 1,100 permanent jobs in Rhode Island.
While the company is now headquartered in London, the de facto United States headquarters is the Providence location near Waterplace.
Additional provisions of the agreement include:
- Anytime IGT plans to create at least 30 U.S.-based jobs or transfer as many employees, where not contractually obligated to another state, the company agrees to give Rhode Island the right of the first offer to make a proposal for IGT to locate those jobs in Rhode Island.
- IGT will maintain its corporate lottery office at 10 Memorial Boulevard in Downtown Providence.
- IGT will install a new, state-of-the-art online lottery solution and will bring its iLottery products to Rhode Island.
- IGT will regularly update its hardware and software to ensure Rhode Island Lottery consistently has state-of-the-art technology. Rhode Island Lottery will also have contractual rights to new technology developed by IGT in the future.
- IGT will replace more than 900 VLTs with brand new machines at Twin River Lincoln (25% of IGT’s machines) by the end of 2020 and will be obligated to replace at least the lowest performing 6% of machines at Twin River Lincoln and Twin River Tiverton every year.
- Instant ticket pricing will be locked in at its current rate through the life of the new contract.
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