Casino companies hold purse strings in Rhode Island
There’s an old gallows humor joke about banks and creditors. If you owe the bank $30,000, the bank owns you. If you owe the bank $300 million, you own the bank.
This pretty much portrays Rhode Island’s relationship with the state’s two legal gambling emporiums, the Twin River Casino and the foundering Newport Grand video slot parlor. When state-sponsored and promoted gambling grows to the third largest source of state revenue, the gambling companies are going to get about everything they want from the Smith Hill gang.