Newport Grand may see $1M revenue hike
Legislation to temporarily allow Newport Grand to keep a bigger share of revenue generated by video terminals been incorporated into the budget bill passed by the General Assembly June 28.
The initiative is meant to help stabilize Newport Grand as Twin River in Lincoln begins table games and casino plans in Massachusetts develop. Newport voters last year rejected table games at that venue.
The proposed budget allows Newport Grand to keep an additional $1 million of the revenue generated by video terminals for the next two years. The venue had asked for an additional $1.5 million for each of those years.