HOUSE REPUBLICANS CALL FOR INDEPENDENT STUDY ON IGT CONTRACT EXTENSION AND TWIN RIVER COUNTER PROPOSAL
State House, Providence, RI – Today, House Republican Finance Committee members called for an independent study on the proposed IGT 20-year contract extension and the competing proposal from Twin River, Camelot, and Intralot.
“Given that the presentations by the Raimondo Administration and IGT differ in material aspects from that offered by Twin River, it is imperative that we take an informed and strategic approach to secure the best deal for Rhode Island taxpayers,” said Blake A. Filippi, House Republican Leader. “While we have a talented House Finance Committee and fiscal staff, we are not technology contracting experts, and must seek outside expert help to get this right. We must not gamble with our third largest source of state revenue.”
The key disputed issues are:
“Our hearings made it evident that we need a critical deep dive into the multitude of complex issues surrounding our gaming contract. Thankfully, former Hasbro CEO Alan Hassenfeld has offered to finance an independent analysis of the proposed IGT contract and we believe the General Assembly should take him up on his offer. We also believe this study should include a critical analysis of Twin River’s competing proposal and how it stacks up against IGT’s. Hassenfeld is uniquely positioned in the world of technology, gaming and marketing, and has urged the state to exercise caution with its gaming contracts. Since the current contract is not up until 2023, we have plenty of time to get this right,” said Senior Deputy Minority Leader Justin Price.
“With Hassenfeld's offer to finance this much needed analysis, we have nothing to lose and much insight to gain from his examination on behalf of Rhode Island taxpayers. We need to confirm that our gaming contracts maximize value for taxpayers. This study would give us all, legislators and citizens alike, a better handle on the best course of action,” explained Deputy Minority Leader Robert Quattrocchi.
“We have learned much over the past few weeks,” said Leader Filippi, “but perhaps most important, we have learned what we do not know. The complexities of this industry require outside expert assistance. We need to get this right. The future of gaming revenues is far too important to rush through when there is such conflicting testimony from the Administration, IGT and Twin River.”
The Rhode Island House of Representatives Minority Caucus (Republican) is comprised of the following elected members representing constituents who live in the following districts throughout the Ocean State: Minority Leader, Blake Filippi, District 36 (Charlestown, South Kingstown, Westerly, New Shoreham); Minority Whip, Michael Chippendale, District 40 (Foster, Glocester, Coventry); Representative John Lyle, Jr., District 46 (Lincoln, Pawtucket); Representative George Nardone, District 28 (Coventry); Representative Brian Newberry, District 48 (North Smithfield, Burrillville); Representative David Place, District 47 (Burrillville, Glocester); Senior Deputy Minority Leader Justin Price, District 39 (Exeter, Hopkinton, Richmond); Deputy Minority Leader Robert Quattrocchi, District 41 (Scituate, Cranston); Deputy Whip Sherry Roberts, District 29 (Coventry, West Greenwich).
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