Twin River Unveils $75 Million Tiverton Proposal

Tuesday, November 10, 2015

GoLocalProv Business Team

Twin River unveiled the details of its proposed casino in Tiverton on Monday before the Tiverton Town Council. The new facility leverages the company’s the Newport Grand gaming license, proposes expansion to table games and relocation to Tiverton. The new facility claims that by 2020, it will generate between $127 million and $147 million in annual gaming revenue.The new facilities comes after months of meeting between the leadership of the gaming company and members of the public.

The new design reflects what the residents of the Town of Tiverton voiced to John Taylor, CEO of Twin River Management Group (TRMG) heard from residents.

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Overwhelming Input - keep the scale proportional to the towns' character. The proposed the facility includes building an 84-room hotel. The total claimed investment is $75 million.

TRMG owns and manages Twin River in Lincoln, Newport Grand, a casino in Mississippi, as well as a Colorado horse racetrack that possesses 13 OTB licenses.

The details as provided by TRMG:

•   Total Acreage -- 45
•   Developable Acreage – 23
•   Surface parking – 1,100 Customer Parking Spaces

200 Employee Parking Spaces

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CASINO

• Total Area: ~ 85,000 sf
• Gaming Floor ~ 38,000 sf:

Slot Machines – 1,000

Table Games – 32 (blackjack, roulette, craps, etc.)

• Food & Beverage – 15,500 sf

Bar with entertainment stage
Sit-down restaurant – owner operated Take-away restaurants – 2-3 branded third party Total F&B Seating Capacity -- 290

• Other Amenities include:
Smoking and non-smoking sections

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Valet parking
Connected hotel and casino Covered Porte Cochere Retail logo store
Players reward center

• Back of House and Support – 32,000 sf
• Employment – 525-600 licensed employees; 350-400 FTEs

HOTEL

•   Separate hotel lobby in casino entry
•   Guest Rooms – 84 Rooms
•   Meeting Space – 3 Rooms
•   Food & Beverage – breakfast room only
•   Small Fitness Center
•   Total Area: 53,000 sf DESIGN ELEMENTS

Inspired by the local historical shoreline context and recent buildings built in the 1 area that have successfully bridged time, creating a facility which is comfortable, familiar and modern.

• All public facing elements – entry and public parking – face northwest, away

from residential areas

•   Casino and hotel not visible from surrounding roads
•   Community input shaped the design of the facility
•   Nature walks and wetland overlooks

INVESTMENT

$75MM which includes site work, construction of hotel and casino, land costs and other project expenses

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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.