Rhode Island’s Underperforming Slots Get The Boot
The Rhode Island State Lottery is intent on severely minimizing the money that is “bleeding” from the two casinos in the state. The casinos are operated by Twin River Worldwide Holdings. Twin River will now be forced to act quickly so as to ensure that no more unnecessary money is wasted and hopes to achieve this by removing all “underperforming gaming machines”.
But the machines aren’t the only ones being sacked. Human dealers and table games supervisors are getting the boot too, although admittedly not for the same reason. Underperforming doesn’t appear to be in play on the human end of things at the two casinos but even so, the humans and the underperforming machines now share a common fate.
Stopping The Money Leak
Rhode Island Lottery Director Gerald Aubin has supposedly informed a legislative oversight committee that IGTs video slot machines aren’t exactly living up to performance expectations when compared to those detailed in the relevant product and service contracts. Aubin has said that no stone will remain unturned in an effort to prevent more money from being wasted as a direct result of a failure to perform on the parts of the installed machines.
IGT’s machines appear to be the monster under the bed at both casinos. The number of IGT machines installed in Rhode Island state number 4,364. This figure represents 84% of all video slots installed at the two casinos. If Aubin and his investigative body are on the money about the origins of the money problems, then the regulatory body’s decision will in all likelihood have a significant impact on IGT’s revenue income in the state.
The remainder of the machines provided to the state belong to Scientific Games and Everi respectively.
IGT’s Contract Probably Invalid
State Governor Gina Raimondo’s decision to extend IGT’s contract with the state of Rhode Island and for an extended period of another 20 years is regarded as a highly controversial issue. The extended contract was awarded to IGT without any official competition processes having been followed. This means that no other interested parties were invited to submit a supply proposal.
IGT has in the meantime been informed that at least 360 of its Video Lottery Terminals will be removed from the two casinos’ floors. Its not yet clear whether any recourse will follow with regards to the unconventional extension of the contract between Rhode Island State and IGT.