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The enacted law affords IGT exclusive control of operating the state lottery for the next 20 years. That’s in exchange for a one-time $27 million upfront payment. IGT must also invest $155 million in technological upgrades, and maintain a state workforce of at least 1,100 people.<\/p>\n<\/div>\n
Bally’s Corporation retains a 20-year monopoly on casino gambling inside the state in exchange for a $100 million expansion investment at its Lincoln resort.<\/p>\n
The legislation McKeen signed additionally results in IGT and Bally’s jointly forming a new entity. The lottery and gaming manufacturer holds a 60 percent ownership stake, while Bally’s retains the remaining 40 percent.<\/strong><\/p>\nThe new business will become the exclusive provider of video lottery terminals (VLTs), which mimic slot machines, at the two Bally’s casinos in Rhode Island. The entity identity will be announced in early 2022.<\/p>\n
Expansion Plans<\/b><\/h2>\n The $100 million required investment to Bally’s Twin River Lincoln Casino Resort is headlined by 40,000 square feet of new gaming space.<\/p>\n
The first-floor expansion will allow the second-floor casino to come downstairs to place all gaming machines and table games on one floor. The second-floor space currently housing gaming will be renovated into an entertainment venue.<\/p>\n
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The development also includes a 14,000-square-foot Korean spa attached to the Bally’s Lincoln hotel. Investments will additionally include improved air circulation throughout the resort, upgraded lighting, and better separation between smoking and nonsmoking gaming areas.<\/p>\n<\/div>\n
Bally’s did not say how many permanent new positions the casino expansion would create. The $100 million undertaking is projected to take 12-14 months to complete.<\/p>\n","protected":false},"excerpt":{"rendered":"
The two Rhode Island casinos in Lincoln and Tiverton are adding the Bally’s brand to their names. The Bally’s Corporation is the newly formed, Rhode Island-headquartered entity created from Twin River Worldwide Holdings’ 2020 acquisition of the iconic Bally’s casino moniker from Caesars Entertainment. It held a ceremonial groundbreaking yesterday on its $100 million expansion […]<\/p>\n","protected":false},"author":25,"featured_media":186041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13699],"tags":[],"acf":[],"yoast_head":"\n
Rhode Island Casinos Rebranded, Bally's Lincoln Details Expansion<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n