PROVIDENCE, R.I. (AP) — Twin River's chairman says the casino company is well-positioned to meet the threat of expanded gambling in Massachusetts, with the addition of table games and the acquisition of a resort casino in Mississippi.
Chairman John Taylor cites last year's introduction of table games and the planned purchase of the Hard Rock Hotel & Casino in Biloxi.
State gambling revenue is expected to decrease by $422 million in Rhode Island over five years, beginning in fiscal year 2016, because of expanded Massachusetts gambling.
Massachusetts has authorized one casino license for the southeastern region. Connecticut-based Foxwoods recently announced plans to build a $750 million resort casino in Fall River.
Taylor calls Twin River a "convenience" casino and says it will offer a more intimate experience than any resort-style facility.