Twin River casino revenue up 2 percent for Lincoln

Oct 21, 2013 9:39 AM

Lincoln’s town administrator says expansion of gambling at Twin River is generating more revenue for the Rhode Island town.

Town Administrator T. Joseph Almond says revenue for the coming fiscal year will be up about 2 percent.

The Woonsocket Call reports that the expanded gambling also increased business at the casino’s food service and liquor venues, which is boosting beverage and food tax and sales tax revenue.

State voters approved Twin River’s expansion from a slot parlor to a casino last fall.

Lincoln collects more than $7 million a year from Twin River, but it’s bracing for what could be a reduction of between 20 percent and 30 percent in revenue from Twin River when casino competition in Massachusetts ramps up in two years.

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