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Twin River Casino Explores Hotel Project, Informs Lincoln

Wednesday, January 21, 2015

 

The chairman of Twin River Casino appeared before the Lincoln Town Council on Tuesday night to inform the Council of its interest in building a hotel on its property and to seek legislative assistance to remove the current laws that would prohibit it.

John E. Taylor, Jr. told the Council that timing may be right to engage in a process to construct a small hotel at Twin River. “While we have always defined ourselves as a convenience casino, one that caters to customers who live within a 60-mile radius, we are motivated by two important factors. The first is that there is no denying that the New England gaming landscape has changed dramatically in the last two years. In a few short months we will begin to compete against a Massachusetts racino just 12 miles from our front door. Within another 18 months, we will be competing against destination casinos owned by premier operator Steve Wynn just outside of Boston and MGM in Springfield. The second is that more and more of our customers tell us they would like the option to play, dine and then stay overnight at Twin River.”

He continued, “It’s critical for the State and the Town that Twin River remain competitive and that revenue and jobs are preserved. We see the addition of a small hotel as a valuable amenity and one we would very much like to further explore.”

The hotel, as planned, would feature 150 – 250 rooms and would be no more than four stories tall. It would be attached to the Casino and would include a spa, small meeting rooms and room service provided by the casino’s food and beverage operations.

The Town Council will schedule a public hearing on the proposed hotel so that Twin River might share its preliminary thoughts and designs with Town residents. Executives also notified the Council that they would seek legislative relief to the current law, which prohibits construction of a hotel on its property. That process will commence concurrent to the Town review process due to the legislative calendar. If that prohibition is removed, Twin River would then engage in a formal planning and zoning process with the Town of Lincoln.

 

Related Slideshow: New England Casinos - See Who RI is up Against

Below are major casinos that are competing with Rhode Island. Data is taken from reports issued from the Center for Policy Analysis at the University of Massachusetts at Dartmouth. 

Prev Next

Plainridge Park Casino

Plainville, MA

$225 million project to add 1,250 slot machines

Voter Approved and Under Construction

Prev Next

MGM Springfield

Springfield, MA

$800 million project to build casino

Voter Approved and Under Construction

Prev Next

Foxwoods Resort Casino

Ledyard, CT

Total Revenue: $1,064,126,046

*Annual New England Visitors: 5,923,192


*4th New England Gaming Behavior Survey distributed to only five New England states-Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire

Prev Next

Mohegan Sun

Uncasville, CT

Total Revenue: $1,150,490,165

*Annual New England Visitors: 6,533,154

*4th New England Gaming Behavior Survey distributed to only five New England states-Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire

Prev Next

Hollywood Casino Bangor

Bangor, ME

Total Revenue: $69,014,963

*Annual New England Visitors: 159,506

*4th New England Gaming Behavior Survey distributed to only five New England states-Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire

Prev Next

Oxford Casino

Oxford, ME

Total Revenue: $38,220,360

*Annual New England Visitors: 163,861

*4th New England Gaming Behavior Survey distributed to only five New England states-Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire

Prev Next

Twin River

Lincoln, RI

Total Revenue: $527,011,209

*Annual New England Visitors: 582,662

*4th New England Gaming Behavior Survey distributed to only five New England states-Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire

Prev Next

Newport Grand

Newport, RI

Total Revenue: $54,642,848

*Annual New England Visitors: 114,877

*4th New England Gaming Behavior Survey distributed to only five New England states-Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire

 
 

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