Plainridge Park: not a big impact on Rhode Island casino

Massachusetts’ first casino is off to a solid start, according to investment firm, and has hit nearby casinos in Rhode Island.

Twin River Casino and the newly purchased NewPort Grand in Rhode Island have reported a combined July gross gaming revenue of $49.6m, $1.9m or 3.8% less than the numbers from the same month in 2014.

Twin River Management Group has completed the acquisition of the Newport Grand slots parlor in July. The two gambling halls first publicized the purchase in February but the price was not disclosed. Twin River plans to transfer the Newport Grand gaming license to Tiverton, where it would like to build a new casino on 45 acres off Route 81, just 400 feet from the Massachusetts state line.

While Plainridge Park Casino, which opened in June, earned $18.1m for the first month of operations, ahead of the Massachusetts Gaming Commission (MGC) projections of $200m revenue for the fiscal year.