The full house has approved a bill allowing Twin River Casino to build a hotel on its property. Twin River wants the hotel to compete with proposed casinos in Massachusetts.
The restriction that keeps Twin River from building a hotel was originally put in place to protect Providence area hotels from losing business. But now Massachusetts plans to open three casinos and a slot parlor, threatening Twin River’s revenue. Twin River officials have unveiled a proposal to build a four story hotel on their Lincoln property.
The legislation to allow the hotel sailed through the House Finance committee with unanimous approval. Now that the House has passed the bill, it heads to the Senate.
Twin River recently announced plans to purchase Newport Grand Slot Parlor in an effort to prop up the dwindling facility.
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