"TOXIC DEAL." That is how Twin River's EVP Marc Crisafulli described the IGT no-bid, 20-year, billion dollar contract with a $300 M premium in testimony before House Finance LAST year. Only three things have changed since that time: Twin River now has a piece of the action; the "great" jobs mandate is significantly watered down; and the premium, as discovered through our taxpayer funded independent study more than doubled and is actually $660 MILLION!!! This definitely remains
a "toxic deal!"
With an unstable economy due to COVID and a HUGE budget deficit due to government mismanagement pre-COVID (Vets Home, UHIP computer system, Medicaid debacle at Dept of Behavioral Health, DCYF, excessive highly paid communications positions/consultants, etc.) why are our government leaders trying to push this BAD DEAL through now? A "deal" that includes a taxpayer OVERPAYMENT of $660,000,000.00 dollars!
Why is House leadership ignoring the advice from the $165,000.00 taxpayer funded expert who said a 20 year deal is bad? From the expert who said we are overpaying by $660,000,000.00. From the expert who said we could get a better deal in a competitive bidding process?
Multiple requests by House GOP to bring the expert in to testify before House finance have been ignored--despite the fact that the taxpayers have already paid for two testimonial visits.
Promises, promises-- that are not in our best interest. We've heard it all before. Join us in telling your Rep or Senator to vote NO on this BAD deal for RI taxpayers!
But don't just take our word for it...this year, now that Twin River is a beneficiary, is singing a different tune. They were hoping we would forget all the reasons, that still apply, that this deal should be voted down.
PROVIDENCE -- House Republicans on Tuesday called for an “independent study″ of the arguments for and against the proposed 20-year, no-bid extension of International Game Technology’s Lottery contract and the rival proposal by a consortium led by Rhode Island-based casino operator Twin River.
House Committee on Finance – Hearing on Proposed IGT/Twin River No-Bid Gaming Contract
Minority Whip Michael W. Chippendale shares his concerns in regards to IGT/Twin River contract legislation with John Loughlin