Sunday, June 28, 2009

Rhode Island Slot Parlor On Track For Permission To Extend Hours To 24 Hours A Day

Feather News

Legislation that would allow the Rhode Island Twin River racetrack-slot parlor to operate 24 hours a day was approved by the state's House of Representatives on Friday and is likely to get approval soon by the state Senate.

Twin River filed for bankruptcy protection last week. The company is requesting permission to remain open 24 hours a day as part of its reorganization plan. The House of Representatives voted 61-9 for the 24 hour schedule. Currently, Twin River is open 24 hours a day only on weekends and holidays.

The House of Representatives also approved extending the number of greyhound racing days at Twin River, from 125 days per year to 200 days annually. Twin River had asked to eliminate entirely the racing but lawmakers took a different direction.

Twin River, as part of its reorganization, is also seeking a bankruptcy court to cut its approximately $600 million worth of debt in half.

Twin River pays about 60 percent of the slot revenue generated by its 4,700 slot machines to the state of Rhode Island.