Rhode Island Casinos Rebranded, Bally’s Lincoln Resort Details $100M Expansion
The two Rhode Island casinos in President Lincoln and Tiverton are adding the Bally’s make to their names.
The Bally’s Corporation — the new formed Rhode Island-headquartered corp followers Twin River Worldwide Holdings’ 2020 acquisition of the iconic Bally’s casino moniker from Caesars Entertainment — held a ceremonial groundbreaking yesterday on its $100 billion elaboration inward Lincoln.
Today’s ceremonial occasion marks the beginning of our $100 meg investment funds inward the province of Rhode Island,” stated Saul of Tarsus Juliano, vice chair of trading operations for Bally’s Corporation.
The new business sector aggroup is lending its identicalness to both of its Rhode Island casinos. The properties are beingness rebranded Bally’s Twin River Abraham Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel.
“Undoubtedly, the combined improvements we testament wee inwards our facilities and inwards our customer offerings testament well-position our Rhode Island properties to bear on to run a Florida key role inward the economic prosperity of our state,” Juliano added.
Foes to Friends
Bally’s, and then still Twin River Worldwide Holdings, in early 2020 announced a solving in its long fight back with International Game Technology (IGT). The spat concerned province law that gave IGT the rightfulness to place its gaming machines on the Rhode Island gambling casino floors. Twin Falls River said IGT machines performed poorly, and cost the casinos inwards lost revenue.
Twin River and IGT agreed to settle their differences by way of life of a commonwealth invoice that was signed by Rhode Island Gov. Dan McKee (D) in June.
The enacted jurisprudence affords IGT with exclusive command of operating the body politic lottery for the next 20 years inward exchange for a one-time $27 million upfront payment. IGT must also invest $155 zillion in technological upgrades, and defend a land workforce of at to the lowest degree 1,100 people.
Bally’s Corporation retains a 20-year monopoly on gambling casino gaming inside the land inward interchange for a $100 billion expansion investment funds at its President Lincoln resort.
The legislation McKeen signed to boot results inward IGT and Bally’s together with forming a unexampled entity inward which the lottery and gaming maker holds a 60 percent ownership stake. Bally’s retains the remaining 40 percent.
The young business sector testament suit the sole(a) provider of video drawing terminals (VLTs), which mimicker slot machines, at the two Bally’s casinos inward Rhode Island. The entity individuality testament follow announced inward early 2022.
Expansion Plans
The $100 meg required investiture to Bally’s Twin Falls River capital of Nebraska Casino Resort is headlined past 40,000 second power feet of new gaming space.
The first-floor expansion testament appropriate the second-floor gambling casino to come downstairs to set all gaming machines and tabularise games on ace floor. The second-floor blank currently living accommodations gaming will be renovated into an entertainment venue.
The development also includes a 14,000-square-foot Korean spa committed to the Bally’s President Lincoln hotel. Investments will to boot include improved air circulation throughout the resort, upgraded lighting, and better breakup betwixt smoking and nonsmoking gaming areas.
Bally’s did not say how many lasting new positions the cassino expansion would create. The $100 gazillion task is projected to take 12-14 months to complete.