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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

Is the 20-year extension of IGT’s contract to provide technology to...

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...
THE PROPOSED IGT CONTRACT extension to run the Rhode Island lottery would allow the company to count qualifying contractors as full time equivalent employees. Currently, the contract does not count contractors.

IGT, governor contest depiction of proposed contract

PROVIDENCE – In response to continuing questions surrounding the proposed extension of International Game Technology PLC’s contract with the state to supply technology and...
TWIN RIVER plan to lay off 100 casino workers due to the impact of Encore Boston Harbor casino on table games in Lincoln. Above, Marc Crisafulli, the newly named president of Rhode Island operations for Twin River Worldwide Holdings. PBN FILE PHOTO/MICHAEL SALERNO

Twin River plans layoffs after Encore introduction

PROVIDENCE – Twin River Worldwide Holdings Inc. expects to lay off roughly 100 Rhode Island casino workers, the company confirmed Friday.The company cited a...

Does IGT controversy miss the point?

The unfolding story over the no-bid contract extension with International Game Technology PLC for supplying technology and services to the state’s lottery system has...
ACUSHNET HOLDINGS CORP., parent company of the Titleist and FootJoy brands, reported a profit of $38.9 million in the second quarter of 2019. / COURTESY TITLEIST GOLF

Acushnet reports $38.9M profit in Q2: U.S. sales rise as int’l...

FAIRHAVEN – Acushnet Holdings Corp. reported a 3.6% drop in net income in the second quarter of 2019 to $38.9 million, or 51 cents...
BETTORS LOST $6.9 million in fiscal 2019 on sports wagering in Rhode Island. Above, guests watch games in the lounge at the sportsbook at the Twin River Casino Hotel in Lincoln. / PBN FILE PHOTO/MICHAEL SALERNO

Bettors lose as casinos gain $6.9M on sports betting in FY19

PROVIDENCE – Bettors lost $6.9 million in Rhode Island on sports betting in fiscal 2019, according to the R.I. Lottery this week. That number...
TWIN RIVER completed a auctioned buyback offer, purchasing roughly 2.5 million shares at the lowest price it solicited initially.

Twin River closes stock repurchase auction, buying back 6.2% of its...

PROVIDENCE – Twin River Worldwide Holdings Inc. finished its Dutch auction tender offer, purchasing roughly 2.5 million shares at a price of $29.50 per...
HASBRO'S SECOND-QUARTER profit totaled $13.4 million. In the fall of 2017 the company held HasCon, an event that showcased Hasbro's brands - including Monopoly - and licensed products. / PBN FILE PHOTO/NICOLE DOTZENROD

Hasbro profit declines on pension settlement while sales push up

PAWTUCKET – Hasbro Inc. reported a profit of $13.4 million in the second quarter, a 77.7% decline from the same 2018 period. Earnings per diluted...
HASBRO IS LOOKING to grow its top and bottom lines with a decades-old game, Magic: The Gathering. But unlike tournaments in which players use paper cards, Hasbro has digitized the game and is informally naming it Arena. The company expects to be attracting millions of players in the next few years. / BLOOMBERG NEWS PHOTO/MARK ABRAMSON

Move over Monopoly: Hasbro’s next big growth engine Is Magic

NEW YORK – In the battle for gaming dominance, Hasbro Inc. has what it hopes is an ace up its sleeve – in a deck...
CASH COLLECTIONS FOR RHODE ISLAND through the first 11 months of fiscal 2019 are ahead of the pace set for the same time period in fiscal 2018. / PBN FILE PHOTO/ARTISTIC IMAGES

State cash collections through May of FY2019 grow despite month’s drop

PROVIDENCE – General revenue cash collections in Rhode Island in fiscal 2019 through May have totaled $3.6 billion, a 6.9% increase over the same...
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