Twin River Negotiates With Lenders; Delays Bankruptcy Filing
Twin River has decided to delay their potential bankruptcy filing. It appears that negotiations with their lenders are once again taking place, which might end the possibility of a bankruptcy. For Twin RIver's sake, I hope they can come to an agreement with their lenders, because I doubt they will get much help from the state, not that they should.
Once again, Twin River is complaining about their tax rate, offering to buy state leases for the 4,751 video slots, and asking the state to contribute toward marketing expenses. If the state is going to assist Twin River, none of those suggestions should be an option. Twin RIver should be allowed to have extended hours, and end dog racing. Revenue from extended hours would likely offset any losses from the loss of dog racing, while helping Twin River's bottom line. These are small, risk-free changes the state could make to help Twin River. Anything else would be unacceptable.
Once again, Twin River is complaining about their tax rate, offering to buy state leases for the 4,751 video slots, and asking the state to contribute toward marketing expenses. If the state is going to assist Twin River, none of those suggestions should be an option. Twin RIver should be allowed to have extended hours, and end dog racing. Revenue from extended hours would likely offset any losses from the loss of dog racing, while helping Twin River's bottom line. These are small, risk-free changes the state could make to help Twin River. Anything else would be unacceptable.




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