Raimondo issues statement on proposed purchase of Newport Grand

Statement from Governor Raimondo on the Proposed Purchase of Newport Grand by Twin River

PROVIDENCE, R.I.
- Governor Gina M. Raimondo Wednesday issued the following statement on the proposed purchase of Newport Grand by Twin River:
 
"We have a projected $200 million budget deficit this year - in addition, we are under-investing in building skills, attracting businesses and strengthening our infrastructure. Due to anticipated gaming competition from our neighbors, our budget challenges are projected to worsen in the years ahead.
 
"We need to examine ways to remain competitive. Twin River has been an important corporate citizen. Its proposed purchase of Newport Grand may help reverse the trend of declining revenues from the Aquidneck Island gaming facility. We look forward to learning more about the proposal." 

(release from Governor's Office)