Is the 20-year extension of IGT’s contract to provide technology to the state for gaming a good or a bad deal?

A GOOD BET? TWIN RIVER WORLDWIDE HOLDINGS is challenging the contract that Gov. Gina M. Raimondo and the General Assembly reached with International Game Technology that ties the company and 1,100 jobs to Rhode Island until 2043 while providing the technology that is used by all channels of gaming overseen by the R.I. Lottery. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
A GOOD BET? TWIN RIVER WORLDWIDE HOLDINGS is challenging the contract that Gov. Gina M. Raimondo and the General Assembly reached with International Game Technology that ties the company and 1,100 jobs to Rhode Island until 2043 while providing the technology that is used by all channels of gaming overseen by the R.I. Lottery. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

When Gov. Gina M. Raimondo and leaders of the General Assembly announced a proposal to extend International Game Technology PLC’s contract to provide technology and services to the state for its gaming activities and keep 1,100 jobs in Rhode Island, they could not have foreseen how big a hornet’s nest it would have disturbed. Within a month, it was revealed that Twin River Worldwide Holdings Inc. had been negotiating its own deal. And about the same time the two gaming companies started public relations campaigns designed to undercut the other’s arguments. And before too long, the political world jumped in too, with the Rhode Island Republican Party filing a complaint with the state Ethics Commission against the governor.

Perhaps the focus should remain on the deal that initiated all this public gnashing of teeth. Is the deal with IGT a good one or a bad one?

Is the 20-year extension of IGT’s contract to provide technology to the state for gaming a good or a bad deal?

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