{"id":14016,"date":"2024-05-21T10:04:52","date_gmt":"2024-05-21T10:04:52","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=14016"},"modified":"2024-05-21T10:04:52","modified_gmt":"2024-05-21T10:04:52","slug":"ballys-wants-to-retain-high-rollers-in-rhode-island-with-new-100k-gambling-credit-bill","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/ballys-wants-to-retain-high-rollers-in-rhode-island-with-new-100k-gambling-credit-bill\/","title":{"rendered":"Bally’s Wants to Retain High Rollers in RI with New $100k Gambling Credit Bill"},"content":{"rendered":"

\"Bally's\"Having received support from Senate President Dominick Ruggerio<\/strong>, a bill that would double the gambling-on-credit limit at the two state casinos in Lincoln and Tiverton run by Bally\u2019s in Rhode Island<\/a> to $100,000 has begun to spark a lot of controversy.<\/p>\n

The necessity of the change and Bally’s ability to explore the off-limits gambling habits of online players and patrons of tribal casinos across state borders are some of the most commonly raised questions. <\/p>\n

Last week, Bally’s representative Elizabeth Suever<\/strong> explained to the Senate Committee on Special Legislation that the Bill 3040<\/a> introduced on May 2 would not be used to expand credit lines to gamblers \u201cwho would not be able to pay it back<\/em>\u201d.<\/p>\n

State-sponsored gambling like the one taking place at Bally’s-run two state casinos represents the third largest source of revenue for the state. <\/p>\n

This year alone, $428.8 million in gambling revenue is expected to head to the state treasury<\/strong>, hence, the importance of the fast-moving bill introduced more than two months after the deadline set by the Senate for the introduction of new bills.<\/p>\n

Bally\u2019s Wants to Stay \u201cOn Par with Competition\u201d<\/h2>\n

No representative from the Rhode Island Lottery or the Council on Problem Gambling showed up during last week’s hearing to comment on the bill that, as explained by a spokesperson for Ruggerio, was <\/p>\n

introduced at the request of Bally\u2019s, to keep them on par with competition from casinos in Massachusetts<\/p><\/blockquote>\n

A hearing will take place on Thursday on the matching House version of the bill. <\/p>\n

The latter is also looking to allow the Department of Business Regulation to change the terms in the latest version of the state’s current agreement with Bally’s without requiring legislative approval.<\/p>\n

What are the arguments for a $100,000 credit limit?<\/h2>\n

Suever explained they wish to do everything in their power to be \u201cregionally competitive<\/em>\u201d with casinos in Connecticut and Massachusetts.<\/p>\n

She further argues that while Bally’s currently runs high limit rooms, players there have complained they cannot get the same level of credit in Rhode Island as they would obtain in Massachusetts<\/a>, a state that does not have a credit limit. <\/p>\n

At the same time, casinos in Connecticut<\/a> are tribal, which means they get to decide how much credit they can issue to players. <\/p>\n

She called the credit limit extension from $50,000 to $100,000 to be “an amenity<\/em>\u201d for their players seeking to play \u201cvery high limits because they don’t want to be carrying that amount of cash on their person as they’re coming and going from the casino.”<\/p>\n

Suever made sure to explain that the new limit would only apply to a “very, very limited<\/em>\u201d number of in-person players and would not be valid for online gamblers. <\/p>\n

Also, as explained by Bally’s spokeswoman Patti Doyle<\/strong>, some other features of the proposed bill would alter the two-decade deal for Rhode Island’s lottery and casino operations.<\/p>\n

This would be done by enabling negotiations between Rhode Island Lottery and Bally\u2019s, possibly enabling \u201caddbacks for development projects<\/em>\u201d and not simply limiting the terms to acquisitions. <\/p>\n

The new bill could also change the way promotional points, which are used as incentives for players to come back for more paytime, are determined. <\/p>\n","protected":false},"excerpt":{"rendered":"

Having received support from Senate President Dominick Ruggerio, a bill that would double the gambling-on-credit limit at the two state casinos in Lincoln and Tiverton run by Bally\u2019s in Rhode Island to $100,000 has begun to spark a lot of controversy. The necessity of the change and Bally’s ability to explore the off-limits gambling habits […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,2,1],"tags":[],"class_list":["post-14016","post","type-post","status-publish","format-standard","hentry","category-casino","category-legislation","category-usa"],"yoast_head":"\nBally's Wants to Retain High Rollers in RI with New $100k Gambling Credit Bill<\/title>\n<meta name=\"description\" content=\"In an attempt to hold on to high roller players in Rhode Island, Bally's wants to allow casinos to offer up to $100,000 in gambling credit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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