PROVIDENCE -- Philanthropist Alan Hassenfeld, the retired chairman and CEO of the Hasbro toy company, has sent Rhode Island lawmakers an open letter begging them to take a second look at the giveaways in the proposed 20-year, no-bid IGT contract.
Like a relative who comes to visit and never goes home, IGT (now joined by Twin River) is about to press the General Assembly for a renewed 20-year contract for gaming services. As you will recall, Gov. Gina Raimondo made a secret billion dollar deal without bid. One of her cronies who was IGT’s former chairman served with her when she headed the Democratic National Committee and he poured campaign contributions into her coffers. It seems that a sweetheart deal is poised for approval by the legislature despite numerous red flags.
The unprecedented proposal by IGT for a 20-year no-bid gaming contract has all along seemed a huge advantage for that firm to the obvious detriment of the state.
A year ago, IGT and Twin River, two of Rhode Island’s largest employers and gaming powerhouses, were the worst of enemies. Now, a year later the rivals have teamed up and are pushing for a new 20-year agreement that will preserve thousands of jobs and improve the state’s lottery products, according to the companies.
IGT: The latest version of a proposed 20-year no-bid state lottery contract for International Game Technology -- and partner Twin River -- will get separate hearings by the House and Senate’s respective finance committees Tuesday afternoon.
PROVIDENCE -- While Governor Raimondo has put her stamp of approval on the latest version of the proposed no-bid, 20-year Lottery deal for IGT -- and top legislative leaders have also endorsed it -- House Republican Leader Blake Filippi is questioning a potential $660 million in “overpayments.”
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