Taylor said the deal should close by June 30. Twin River Management Group acquired Newport Grand last month, but the merger is subject to approval from the state lottery and the state Department of Business Regulation. Residents have twice voted against adding tables games. Relocating the casino to Tiverton makes sense, Taylor said, because of Newport Grand’s location and Newport’s reluctance to expand gambling there. Last fiscal year, revenues were $376.3 million, and $293.8 million of that came from Twin River, according to the Rhode Island Department of Revenue’s Office of Revenue Analysis. Lottery revenues are the third-largest source of revenues for the state government. Gambling revenue in Rhode Island is expected to take a hit approaching $100 million a year because of these Massachusetts casinos and gambling facilities.Īnalysts predict Rhode Island’s lottery revenues would take a hit almost immediately after those venues open in Massachusetts. In addition to the major casinos planned in Everett and Springfield, a 1,250-machine slot parlor in Plainville is set to open in June.

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