Who’s Buying Newport Grand Now?

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New purchase agreement announced.

In the latest of a series of purchase announcements that have left many Newporters now thinking “We’ll believe it when we see it”, Twin River Management Group announced that it has entered an agreement to purchase Newport Grand. WPRI reports:

The sale is expected to close no later than June 30, 2015 and is subject to regulatory approvals, as well as other closing conditions.

“As a company headquartered in Rhode Island, we understand how important the future of Newport Grand is to the State and when the acquisition opportunity presented itself, believed that we might be best qualified to preserve and possibly enhance that revenue and protect valuable jobs,” said John E. Taylor, Jr., chairman of the board of directors of Twin River Worldwide Holdings.

There’s also the matter of a lawsuit claiming that the deed to the land the casino stands on reverted back to the city once Newport Grand no longer featured jai alai or a “civic center”.

Assuming that the sale goes through, there are no plans for another city referendum on table games in the near future.

“We are well aware of the fact that the Newport community is not now in favor of any expansion of gaming at Newport Grand and may never be. While we believe that would aid considerably in the property’s long term ability to compete in an increasingly challenging gaming marketplace, we will respect the wishes of the community.”

As mentioned at the start of this article, we believe that this could probably happen…but until someone who isn’t Diane Hurley is shown holding the title for the place, anything is possible.

-Tristan Pinnock, Blast Gaming Correspondent

Tristan's just this guy, ya know?