Newport Grand in Violation of Contract With Rhode Island

GoLocalProv News Team and Kate Nagle

Newport Grand in Violation of Contract With Rhode Island

Table games in the mix for Newport Grand - would they save jobs?
Newport Grand, the Aquidneck Island slots parlor which was recently sold to Twin River in March, is in violation of the state's Master Contract with the gambling facility.

On June 2, Rhode Island Representative Raymond Gallison introduced legislation, H-6267, to reduce the number of required full time equivalent [FTE] positions at Newport Grand from 180 to 100, in anticipation of the transfer of the license to UTGR Twin River -- who intends to move the facility to Tiverton, pending voter approval. 

However, the current number of employees at the Newport slots facility -- which had proposed table game expansions voted down by Newport residents in the last two election cycles - does not meet its current Master Agreement with the state, according to soon-to-be owners Twin River, under UTGR. 

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"Newport Grand has approximately 120 FTEs. As a result, they are currently out of compliance with their Master Contract," said Twin River spokesperson Patti Doyle. 

Changes Under Review

Gallison's bill will be reviewed by the House Finance Committee on Thursday, regarding elements pertaining to the transfer of ownership of the gaming license from Newport Grand to Twin River. 

"The proposed language of 100 FTEs is a safe baseline to ensure that we meet the standards of the revised Master Contract at all times. Once we close on the transaction we will conduct our due diligence and determine what, if any, changes need to be made with respect to the workforce," said Doyle. "We have consistently expressed admiration for the current management of Newport Grand and expect if any reductions are warranted they would be extremely modest."

In April, Twin River announced its intentions to pursue moving the Newport slots parlor to a new facility in Tiverton, along the Massachusetts border.  On Wednesday, Rhode Island Speaker of the House Nicholas Mattiello expressed his support for gaming in the state.

“Newport Grand is part of the state’s third largest revenue source and I generally want to assist them to protect our state’s interest.  The House Finance Committee will hold a public hearing [Thursday] and will assess the financial aspects of this legislation.”

It is unclear the full financial situation of the Newport slots parlor.  In 2011, soon-to-be parent company Twin River reorganized after filing for bankruptcy for the then-Lincoln slots parlor.


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