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I think that one of the biggest misconceptions right now is that gaming is indestructible and we will always have it in RI. The revenue is down because of an over saturated market. You can now go to Maine, Massachusetts, Connecticut, New York and New Jersey to gamble. There are options! Expecting that Twin River can withstand the competition and stay in the game is a little overstated. We could be throwing money at IGT for 20 years and the facility could be standing vacant before the contract ends.
The once giant pool is now filled with many different players, each vying for their piece. We aren't going to be seeing big numbers rolling in from VLT's anymore. There are just too many in the market.
Are we really that desperate that we want to tie ourselves to IGT for another 20 years? A contract, I might add, that was totally crappy for the other vendors with games on the floor. Wouldn't it be great if we did our research and studied other avenues before taking this on again and get trapped by it?
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