Cash-strapped Rhode Island Racino Faces Tough Sell On Gaming Tax Reduction

Scott Van Voorhis, 07/08/2008
GamblingCompliance Ltd.

The owners of Rhode Island’s Twin River racino, struggling to make their loan payments after an ambitious expansion of the gambling venue, have received a key break from their lenders. But even as it announced the deal, BLB Investors indicated it will press Rhode Island officials for additional assistance needed to stabilize the racino’s finances.

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