Good News and Bad News for Twin River Out of Massachusetts

Tuesday, March 01, 2016

GoLocalProv News Team

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.

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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.

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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.

Related Slideshow: How Do Twin River Casino and Plainridge Park Casino Match Up?

With Plainridge Park Casino opening in Plainville, MA, GoLocal looked into how the new facility will measure up against Twin River Casino in Lincoln, RI.

Defintions:

1.) Payout Percentage: How much of each dollar spent is won back by a customer.

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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

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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

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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

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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.

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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.