IGT Chair Vincent on Key Takeaways from General Assembly Hearings - and Next Steps - LIVE
IGT Chair Vincent on Key Takeaways from General Assembly Hearings - and Next Steps - LIVE
“What it boils down to, is they want to understand the terms, they want to know that the terms are market-driven and they’re fair to the state. They’d like to know about the employees we’ve told them about, and provided information about the size of our payroll, and what that means for the Rhode Island economy,” said Vincent. “They’re impressed by that, but they’re going to delve further into all of it.”
“I think it’s been very encouraging. The questioning has been good,” added Vincent. “The administration did a good job of saying that the fees that we’re getting for services, the central systems we’re providing are market-driven rates. They’re very comparable to other states -- we can look at both West Virginia and Delaware and places like that, that are similar in size and demographics."
Vincent also spoke to lawmakers questioning the need for a twenty-year contract extension — and how that was answered.
“I thought the administration did a good job of pointing out that the trend right now in the industry is to go for 15, 20-year contracts — so it’s not all that unique,” said Vincent.
Proposed Twin River Partnership a “Head Scratcher”
Vincent also spoke to Twin River announcing that they would partner with the UK-based Camelot to provided lottery services in Rhode Island, if the contract were put out to bid.
Vincent explained how IGT currently works with Camelot around the world — and how an introduction into the market would create another layer of bureaucracy.
“It’s kind of a head-scratcher — why would [the state] put people in-between the suppliers, just to add more money on to what we’re already spending, rather than go direct to the technology providers like IGT - that have established they do a good job?” said Vincent.
The segment is sponsored content from IGT.