RI gov OKs state share of casino proceeds
PROVIDENCE, R.I.—Rhode Island would get 18 percent of the proceeds from poker, blackjack and other table games at Newport Grand and Twin River if voters authorize the expansion of gambling this fall.
Gov. Lincoln Chafee (CHAY'-fee) announced Wednesday that he has signed legislation setting the state's share of casino revenues.
Voters will be asked in November to approve table games at the Newport Grand and Twin River slot parlors. Owners of the two facilities say they need to offer poker and other games to compete with casinos now authorized in Massachusetts.
Lawmakers who worked on the deal say it will generate significant money for the state while ensuring the casinos can succeed.