..

Independent Report Raises Concerns About Gambling Extension

Written by:
Associated Press
Published on:
Jan/29/2020

PROVIDENCE, R.I. (AP) — The independent consultant hired to study the proposed no-bid, 20-year extension of International Game Technology’s contract to run gambling operations in Rhode Island is questioning the length of the contract, according to a published report.


*No hidden fees.  Everything for $5 per player
*Accepts Amazon Cards, Gift cards, Bitcoin
*Open an account in less than a minute
*2 Week Free Trial
*Hundreds of leagues, live betting - 99.9% uptime
*Mobile platform available
*Live dealer casino
*Offices in Costa Rica, Expansion into Philippines
*Mandarin Chinese, 日本人の, 한국, Fillipino, việt
Click here to visit PricePerPlayer.com

The analysis by Christiansen Capital Advisors said it has never recommended a 20-year- contract to any of the lotteries it has advised, The Providence Journal reported Tuesday.

“A ten-year initial contract term, with optional extensions, has been a standard recommendation,” the group said.

It also found that the proposal would likely cost slightly more.

“Based upon our analysis of pricing for traditional lottery services in other states ... the pricing of this contract extension is toward the higher end of what we would expect from a competitive bid, but less than 1% higher,” the report said.

Democratic Gov. Gina Raimondo and legislative leaders support the proposed contract, in part because it keeps about 1,000 jobs in the state.

Republican lawmakers and the operator of the state’s two casinos, Twin River Worldwide Holdings, say the contract should be put out to bid.

State-sponsored gambling, including the lottery and at casinos, is Rhode island’s third-largest source of state revenue.

Legislative leaders have not yet commented on the newly released report.

Gambling News

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

“Russian ping-pong has stolen the show,” said Nick Bogdanovich of the William Hill betting chain. “You can’t even find it streaming anywhere to watch, but people are betting on it.”

Gambling and Sports Betting News April 6, 2020: NJ Casinos Losing $540 Mil a Day, Tribal Casinos Could Go Under

Atlantic City is virtually a wasteland that is costing the state $540 million in casino-related revenues every month while they remain locked down amid the deadly pandemic while a number of Tribal casinos are not likely to survive an extended shutdown beyond June.

NBA winning odds

NBA winning odds

The current NBA regular season is being put on hold until further notice, due to the global coronavirus pandemic, but the attention is there on the 29 out of 30 teams which still compete for the title. 

Gambling and Sports Betting News April 4, 2020: TVG Horse Racing Network Seizing the Moment Amidst Pandemic

A handful of U.S. tracks have soldiered on through the pandemic, closing their gates to fans and running strictly for a TV and simulcast audience. TVG is providing a bit of balm for two bereft populations — people who watch sports, and people who bet on them — by continuing to show races on its cable channel and offering wagering via its website. Fox’s FS1 and FS2 networks also are airing some live horse racing.

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

A deputy in South Carolina took money from illegal gamblers for five years to protect them from the law and kept feeding them information after the payments stopped, authorities said.

Syndicate