NEW: Twin River Worldwide Holdings to Acquire Casino in Biloxi, MS
Monday, December 16, 2013
GoLocalProv Business Team
Twin River Worldwide Holdings, (TRWH), parent company of Lincoln's
Twin River Casino, has announced its intent to acquire Biloxi, Mississippi's Hard Rock Hotel & Casino. The purchase price, subject to adjustments, is $250,000,000.
The acquisition would geographically expand TRWH's gaming operations, and according to its Chairman, John E. Taylor, Jr., the company has been seeking to diversify its revenue base to better withstand industry and marketplace challenges. “Growing the business both organically and through acquisition solidifies our presence in Rhode Island and strengthens the company at an important time in our history as we brace for the eventual impact of Massachusetts casinos and racinos.”
Twin River Casino added table games to its floor in June, which contributed to the addition of more than 500 new jobs. In September, they announced that they would add another 14 tables and 90 jobs by the end of the year.
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“With a near laser focus on creating a positive guest experience at Twin River through the addition of table games and attentiveness to customer service, we’ve brought the business to financial stability in just three short years," Taylor continued. "We’re proud of the revenue we generate for the State and for the good paying jobs we provide, largely to Rhode Islanders. We now have the opportunity to broaden our focus to other markets which offer the opportunity for growth, and we see Mississippi in general and this property in particular as having exceptional value.”
More on Hard Rock
The Hard Rock Hotel & Casino, owned and operated by Premier Entertainment Biloxi LLC, a wholly owned subsidiary of Leucadia National Corporation, features a casino with 1,342 slot machines, 51 tables and 4 poker tables. The 12-story AAA-rated four diamond hotel has 325 rooms and suites with a spa, fitness center, pool and private cabanas. In addition, the Hard Rock is completing a new 154-room hotel tower, with expected completion in February 2014. The property offers five restaurants, including Ruth’s Chris Steak House and the Hard Rock Cafe.
“This is a premier property within the Biloxi casino market with incredibly strong name recognition thanks to the iconic status of the Hard Rock brand,” said Taylor. “Moreover, the property has a wonderful staff with deep roots in the community. We value the community involvement and corporate citizenship role we enjoy in Rhode Island, and look forward to replicating that level of commitment in the Mississippi community.”
The estimated completion date for the acquisition is June of 2014, subject to regulatory approvals. The closing is also subject to approvals by Hard Rock International. Twin River has secured committed financing for the transaction.
Taylor concluded, “This very deliberate growth strategy is intended to well position Twin River Worldwide Holdings as an important and successful company in the gaming industry as well as in the State of Rhode Island where we will continue to build our corporate headquarters. Our ownership group and management team are focused on creating value for all of our stakeholders; leveraging the competencies we have developed in Rhode Island into other markets but as importantly, bringing lessons learned in other jurisdictions back to our flagship casino, Twin River.”
Related Slideshow: City Employees with the Highest Salaries
How much does a top position in Rhode Island’s capital city fetch in pay and benefits? GoLocalProv has identified the 40 highest earners in the city (excluding school workers) by the amount of total compensation they receive. The data, which was provided by the city, breaks out pay in four categories: base pay, longevity, overtime, and details. City contributions towards three benefits are also shown: medical, dental, and retirement. In the below slides, the top 40 highest earning workers for fiscal year 2013 are listed from least to greatest.
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#40 Alyssa B. Deandrade
Department: Police
Position: Police Lieutenant
Total Compensation: $146,690.77
Pay
Base: $77,210.61
Longevity: $7,393.16
Overtime: $22,337.05
Detail: $24,533.14
Benefits (City Contributions)
Medical: $4,219.62
Dental: $421.72
Pension: $10,575.47
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#39 Arianne Lynch
Department: Mayor's Staff
Position: (Former) Deputy Chief Of Staff
Total Compensation: $147,159.76
Pay
Base: $127,507.25
Longevity: $0.00
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,380.08
Pension: $5,737.83
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#38 Clarence A. Cunha
Department: Fire
Position: Acting Deputy Assistant Chief
Total Compensation: $147,372.06
Pay
Base: $91,807.36
Longevity: $7,949.52
Overtime: $18,839.30
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $12,686.83
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#37 Kristopher S. Wright
Department: Fire
Position: Firefighter
Total Compensation: $147,585.09
Pay
Base: $58,663.74
Longevity: $4,447.53
Overtime: $48,507.28
Detail: $11,848.81
Benefits (City Contributions)
Medical: $14789.32
Dental: $1,299.74
Pension: $8,028.67
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#36 Thomas M. Miller
Department: Fire
Position: Fire Rescue Lieutenant
Total Compensation: $147,951.99
Pay
Base: $64,547.59
Longevity: $6,476.44
Overtime: $51,832.96
Detail: $0.00
Benefits (City Contributions)
Medical: $14789.32
Dental: $1,299.74
Pension: $9,005.94
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#35 Daniel Crowley
Department: Fire
Position: Deputy Assistant Fire Chief
Total Compensation: $148,230.56
Pay
Base: $93,692.88
Longevity: $9,855.21
Overtime: $17,904.62
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.6
Dental: $1,299.74
Pension: $12,943.51
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#34 Alan N. Lippacher
Department: Fire
Position: Fire Rescue Lieutenant
Total Compensation: $148,783.985
Pay
Base: $63,829.18
Longevity: $6,602.73
Overtime: $53,326.52
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,936.495
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#33 David A. Soscia
Department: Fire
Position: Fire Battalion Chief
Total Compensation: $149,017.14
Pay
Base: $86,012.90
Longevity: $7,577.69
Overtime: $27,426.18
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $11,911.31
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#32 Michael Krasnowiecki
Department: Fire
Position: Fire Captain
Total Compensation: $149,110.485
Pay
Base: $68,849.54
Longevity: $6,762.06
Overtime: $47,784.88
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $9,624.945
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#31 Thomas E. Crowley
Department: Fire
Position: Fire Captain
Total Compensation: $149,965.63
Pay
Base: $69,535.07
Longevity: $7,177.86
Overtime: $47,429.98
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $9,733.66
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#30 John P. Morgan
Department: Fire
Position: Firefighter
Total Compensation: $150,207.15
Pay
Base: $58,102.50
Longevity: $6,116.69
Overtime: $57,905.69
Detail: $3,847.12
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,146.09
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#29 Timothy S. Printer
Department: Fire
Position: Firefighter
Total Compensation: $150,731.68
Pay
Base: $58,369.52
Longevity: $6,115.36
Overtime: $61,938.32
Detail: $3,847.12
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,219.42
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#28 Adam Chuman
Department: Fire
Position: Firefighter
Total Compensation: $151,066.51
Pay
Base: $58,490.27
Longevity: $0.00
Overtime: $61,915.02
Detail: $7,149.18
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $7,422.98
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#27 Michael E. Correia
Department: Police
Position: Police Captain
Total Compensation: $151,421.89
Pay
Base: $81,206.12
Longevity: $8,538.4
Overtime: $36,811.50
Detail: $1,264.85
Benefits (City Contributions)
Medical: $11,083.47
Dental: $1,299.48
Pension: $11,218.06
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#26 Stephany Blackwell
Department: Fire
Position: Fire Rescue Technician
Total Compensation: $154,001.24
Pay
Base: $61,045
Longevity: $4,086.68
Overtime: $64,492.87
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,287.63
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#25 David J. Duggan
Department: Fire
Position: Firefighter
Total Compensation: $154,416.91
Pay
Base: $59,196.60
Longevity: $5,559.42
Overtime: $55,445.58
Detail: $9,910.95
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,215.30
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#24 Joseph R. Desmarais
Department: Fire
Position: Deputy Assistant Fire Chief
Total Compensation: $154,544.52
Pay
Base: $91,623.12
Longevity: $9,079.63
Overtime: $27,402.94
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,299.74
Pension: $12,604.49
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#23 William R. Kenyon
Department: Fire
Position: Fire Battalion Chief
Total Compensation: $154,611.78
Pay
Base: $83,959.36
Longevity: $7,290.02
Overtime: $35,718.41
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $11,554.93
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#22 Bryan D. Hawkins
Department: Fire
Position: Fire Rescue Captain
Total Compensation: $155,608.63
Pay
Base: $69,542.14
Longevity: $6,601.81
Overtime: $41,215.01
Detail: $0.00
Benefits (City Contributions)
Medical: $27,303.36
Dental: $1,299.74
Pension: $9,646.56
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#21 Steven Pare
Department: Administration
Position: Public Safety Commmissioner
Total Compensation: $156,147.90
Pay
Base: $149,423.83
Longevity: $0.00
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: N/A
Dental: N/A
Pension: $6,724.07
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#20 Eric E. Fallon
Department: Fire
Position: Firefighter
Total Compensation: $156,404.55
Pay
Base: $55,236.24
Longevity: $5,829.36
Overtime: $63,076.02
Detail: $8,430.13
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $7,743.74
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#19 Brian R. Chin
Department: Fire
Position: Firefighter
Total Compensation: $157,360.51
Pay
Base: $58,983.30
Longevity: $0.00
Overtime: $84,865.12
Detail: $0.00
Benefits (City Contributions)
Medical: $5,618.60
Dental: $421.46
Pension: $7,472.03
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#18 Carl H. Richards
Department: Fire
Position: Firefighter
Total Compensation: $157,878.05
Pay
Base: $57,446.04
Longevity: $6,115.36
Overtime: $64,351.37
Detail: $5,808.93
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,067.295
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#17 Fausto G. Garcia
Department: Police
Position: Police Officer
Total Compensation: $158,048.96
Pay
Base: $57,220.64
Longevity: $5,477.53
Overtime: $4,296.80
Detail: $70,833.77
Benefits (City Contributions)
Medical: $11,083.47
Dental: $1,299.48
Pension: $7,837.27
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#16 Thomas L. Cassin
Department: Fire
Position: Fire Captain
Total Compensation: $158,104.17
Pay
Base: $68,755.40
Longevity: $7,305.32
Overtime: $56,308.60
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $9,645.80
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
Photo: Flick/401(K)2013
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#15 Thomas F. Oates, III
Department: Police
Position: Deputy Police Chief
Total Compensation: $158,736.47
Pay
Base: $116,423.81
Longevity: $12,378.08
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,299.74
Pension: $16,100.24
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#14 Michael L. Pearis
Department: Finance Administration
Position: Director of Finance
Total Compensation: $159,370.71
Pay
Base: $139,192.37
Longevity: $0.00
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,380.08
Pension: $6,263.66
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#13 Peter A. Tagliaferri
Department: Fire
Position: Fire Rescue Lieutenant
Total Compensation: $159,656.86
Pay
Base: $63,350.24
Longevity: $4,877.01
Overtime: $66,683.79
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,656.76
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#12 Michael A. Legault
Department: Fire
Position: Firefighter
Total Compensation: $159,740.28
Pay
Base: $57,446.04
Longevity: $6,115.36
Overtime: $72,016.89
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,072.93
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#11 Gregory D. Paolo
Department: Police
Position: Police Sergeant
Total Compensation: $160,715.32
Pay
Base: $70,277.64
Longevity: $6,818.24
Overtime: $30,025.64
Detail: $31,573.87
Benefits (City Contributions)
Medical: $11,083.47
Dental: $1,299.48
Pension: $9,636.985
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#10 Andre' M. Ferro
Department: Fire
Position: Firefighter
Total Compensation: $162,109.81
Pay
Base: $58,333.41
Longevity: $6,251.76
Overtime: $61,589.16
Detail: $11,668.47
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1299.74
Pension: $8,177.95
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#9 James P. Mirza
Department: Fire
Position: Deputy Assistant Fire Chief
Total Compensation: $164,737.13
Pay
Base: $91,623.12
Longevity: $9,722.85
Overtime: $36,888.57
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1299.74
Pension: $12,668.24
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
Photo: Flickr/Tax Credits
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#8 J. J. Varone
Department: Fire
Position: Acting Fire Battalion Chief
Total Compensation: $165,600.53
Pay
Base: $84,914.32
Longevity: $7,290.02
Overtime: $45,628.29
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1299.74
Pension: $11,678.85
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#7 James S. Bennett
Department: Planning & Development
Position: Director of Economic Development
Total Compensation: $170,061.83
Pay
Base: $149,423.11
Longevity: $0.00
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,380.08
Pension: $6,724.04
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#6 Zachariah Kenyon
Department: Fire
Position: Fire Rescue Lieutenant
Total Compensation: $172,514.51
Pay
Base: $63,589.71
Longevity: $4,877.01
Overtime: $79,272.01
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $8,686.72
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
Photo: Flickr/401(K) 2013
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#5 Boyce Spinelli
Department: Water Supply Board
Position: General Manager, WSB
Total Compensation: $177,418.15
Pay
Base: $150,392.56
Longevity: $9,299.47
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $9,159.90
Dental: $1,380.08
Pension: $7,186.14
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#4 Hugh T. Clements, Jr.
Department: Police
Position: Police Chief
Total Compensation: $180,872.02
Pay
Base: $134,397.90
Longevity: $14,080.04
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,299.74
Pension: $18,559.74
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#3 Luis F. Sanlucas
Department: Police
Position: Police Lieutenant
Total Compensation: $190,234.68
Pay
Base: $77,210.61
Longevity: $8,148.40
Overtime: $9,003.18
Detail: $72,819.67
Benefits (City Contributions)
Medical: $11,083.47
Dental: $1,299.48
Pension: $10,669.88
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#2 Michael D'Amico
Department: Mayor Staff
Position: Director of Administration
Total Compensation: $196,086.60
Pay
Base: $174,327.20
Longevity: $0.00
Overtime: $0.00
Detail: $0.00
Benefits (City Contributions)
Medical: $12,534.60
Dental: $1,380.08
Pension: $7,844.724
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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#1 Vincent J. D'Ambra
Department: Fire
Position: Fire Rescue Captain
Total Compensation: $218,145.27
Pay
Base: $68,762.44
Longevity: $7,290.03
Overtime: $116,356.94
Detail: $0.00
Benefits (City Contributions)
Medical: $14,789.32
Dental: $1,299.74
Pension: $9,646.80
Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.
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