Twin River Settles With State Over Licensing Dispute Claims - NBC10 Boston

Twin River Settles With State Over Licensing Dispute Claims

The Rhode Island casino has agreed to pay $180,000 to the state over claims the company violated the terms of its business license

Find NBC Boston in your area

Channel 10 on most providers

Channel 15, 60 and 8 Over the Air

    processing...

    NEWSLETTERS

    Twin River Settles With State Over Licensing Dispute Claims
    WJAR-TV

    A Rhode Island casino operator has agreed to settle with the state over its claim that the company violated the terms of its business license.

    Twin River Worldwide Holdings has agreed to pay $180,000 and another $36 million in casino upgrades over three years but admits no fault.

    According to the Providence Journal , the state claims Twin River exceeded the debt ratio agreed to under its business license when the company went public and sought to refinance earlier this year.

    Twin River's president wrote in an August letter that the state reneged on an agreement to change how the debt limit was calculated after Twin River opposed a no-bid extension proposal for International Game Technology.

    Amb. Yovanovitch Responds to Trump’s Tweet During Testimony, Calls It ‘Very Intimidating’

    [NATL] Amb. Yovanovitch Responds to Trump’s Tweet During Testimony, Calls It ‘Very Intimidating’

    Marie Yovanovitch, former U.S. Ambassador to Ukraine, responds to a tweet President Donald Trump published about her record as an ambassador.

    (Published Friday, Nov. 15, 2019)

    The state denies this claim and Gov. Gina Raimondo's office says the licensing dispute has nothing to do with the pending IGT extension.


    Get the latest from NBC Boston anywhere, anytime:

    App

    Download our FREE app for iPhone, iPad and Android. You can also follow us on Facebook, Twitter and Instagram, and sign up for our e-mail newsletters.