Twin River may file for bankruptcy as early as June 26th.  Of course, this won't happen if they can get some help from their creditors (who are owed hundreds of millions of dollars) or the State of Rhode Island (who takes 60% of the profit on video slots).  There is no doubt things are bad at Twin River.  There is also no doubt that Twin River earns quite a bit of revenue and its problems are due mainly to its exorbitant borrowing.  Bankruptcy is a real possibility, but it looks like it is being used by Twin River as a scare tactic to extract concessions from lenders and the state.

     I strongly support extended hours of operation and an end to dog racing.  Allowing racing to end is only fair, since Newport Grand was allowed to end Jai Alai.  Why should Twin River be forced to subsidize an activity that isn't profitable?  The kennel owners and unions want it, but who else cares?  Those are small changes that can help Twin River without harming the state's interest.  With that said, any attempt to reduce the state's share below 60% should be strongly opposed.