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Twin River submits bid for Rhode Island Lottery

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Twin River said that it would create 1100 new jobs as well as a US$100 million guarantee.

The casino company Twin River along with Camelot Lottery Solutions have submitted a joint bid to operate the Rhode Island Lottery.

US.- The office of the Rhode Island Governor received this week a joint bid from Twin River and Camelot Lottery Solutions to operate the Rhode Island Lottery. The Speaker of the House and the Senate President also received the bid.

In the joint bid, Twin River said that it would create 1100 new jobs as well as a US$100 million guarantee. The casino company also said that it would invest US$75 million in development for the local lottery.

Marc Crisafulli, Executive Vice President of Twin River Worldwide Holdings, explained that they believed all along that Rhode Island would secure a much better deal through a competitive bid process. “The bid submittal demonstrates exactly that,” he added.

Moreover, Twin River promised to include a 50,000-square-foot corporate headquarters in Rhode Island if it gets elected to run the lottery. The plan would also limit the control of the casino slot floor to the current state law of 50%, Twin River said.

House Speaker Nicholas Mattiello said: “We just received the letter from Twin River and Camelot and we have not yet studied or analysed it. The House Finance Committee will be conducting an open and thorough process and will give Twin River and Camelot the opportunity to testify should they want to.”

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