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A NEW REPORT commissioned by the R.I. Department of Revenue says the state could gain $18.5 million per year in general revenue from iGaming. This image shows a free money mobile slot game offered through Bally's Twin River Lincoln Casino. / COURTESY BALLY'S CORP.

Does the owner of Rhode Island’s two casinos deserve to have...

Bally’s Corp., owner of Rhode Island's two casinos, is suing Lincoln and Tiverton to get their property taxes reduced due to COVID-19-related revenue losses. The...
BALLY'S CORP. was selected Thursday by Chicago Mayor Lori E. Lightfoot as the preferred builder to construct and operate that city’s first casino. Above, a rendering of the proposed project at the The Chicago Tribune Publishing Center site. / COURTESY BALLY'S CORP.

R.I.-based Bally’s selected to build, operate Chicago casino

PROVIDENCE – Bally’s Corp. was selected Thursday by Chicago Mayor Lori E. Lightfoot as the preferred builder to construct and operate that city’s first...

Bally’s reports $1.9M profit in Q1, beats Wall Street estimates

PROVIDENCE – Bally’s Corp. on Thursday reported a $1.9 million profit in the first quarter of 2022 following a loss during the same period...
THE I-195 REDEVELOPMENT DISTRICT COMMISSION voted unanimously Wednesday to approve a purchase and sales agreement with Urbanica Inc. for Parcel 2, an undeveloped 1-acre site along the Providence River, where the company plans to construct a curvy six-story, 134,750-square-foot building with 194 apartments and ground-floor retail space. / COURTESY I-95 REDEVELOPMENT DISTRICT COMMISSION

I-195 panel OKs $2M sales agreement with Urbanica for Parcel 2

PROVIDENCE – The I-195 Redevelopment District Commission voted unanimously on Wednesday night to approve a purchase and sales agreement with Urbanica Inc. for Parcel...
INTERNATIONAL GAME TECHNOLOGY PLC announced on Friday, Feb. 25, 2022, that it signed a comprehensive 20-year contract extension with the Rhode Island Lottery to remain the exclusive supplier of lottery, iLottery, instant ticket, and video lottery solutions and services through June 30, 2043. / COURTESY INTERNATIONAL GAME TECHNOLOGY PLC AND THE RHODE ISLAND LOTTERY

IGT signs 20-year contract to provide Rhode Island Lottery services

PROVIDENCE – Eight months after Gov. Daniel J. McKee signed legislation establishing the deal, International Game Technology PLC announced on Friday that it signed...
SCREENSHOT VIA GOOGLE MAPS

Most-read stories on PBN.com, Jan. 2022

1. Former Ann & Hope property in Warwick sells for $7M POSTED ONLINE: JAN. 10. A former section of the now-closed Ann & Hope curtain and...
THE LARGEST SHAREHOLDER of Bally's Corp. has offered to buy all outstanding shares of the publicly traded company that owns Bally's Twin River Lincoln Casino Resort and Bally's Tiverton Casino & Hotel. / PBN FILE PHOTO/PAMELA BHATIA

Hedge fund proposes $1.7B buyout of R.I.-based Bally’s

PROVIDENCE – A hedge fund and largest shareholder of Bally's Corp. – the Rhode Island-based company that operates the state's only two casinos –...
REVENUE STREAM: Two people try their luck at video slot machines at Bally’s Twin River Lincoln Casino. Revenue generated through slot machines and table games at Rhode Island’s two casinos, in combination with lottery tickets and drawings, is one of the biggest sources of funding for the state’s $13 billion budget. / PBN PHOTO/
MICHAEL SALERNO

ALL IN with Bally’s: But how risky is R.I.’s heavy reliance...

Rhode Island has come to rely heavily on Justin Kane and other recreational gamblers like him. Kane, a Providence real estate investor, likes to blow...
TIME TO HEDGE? Rhode Island is the national leader in per capita revenue collected from gambling. Most state leaders, however, say they are unconcerned about the state’s dependence on the industry and the one company, Bally’s Corp., that has a local monopoly on it. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. leaders need to see the risk in dependence on gambling...

Nevada may be the nation’s gambling mecca, but it still trails runaway national leader Rhode Island in per capita revenue collected from gambling. Yet, as...
COURTESY PROVIDENCE CITY PLANNING COMMISSION

Most-read stories on PBN.com, Nov. 2021

1. 5-story apartment building planned for site of 2020 Providence murder POSTED ONLINE: NOV. 15. A vacant, run-down restaurant property at 663 Admiral St....
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