Twin River and Camelot partner with Intralot for state lottery proposal
By: Ellie Romano
PROVIDENCE, R.I. (WLNE) - Twin River and UK-based lottery company Camelot announced they're partnering up with Intralot in a play for the state's lottery contract.
Intralot is one of only three companies in the country that has the technology to run the state's lottery. The other two companies are IGT and Scientific Games.
The General Assembly is currently reviewing IGT's $1 billion no bid contract that would extend the company's control over the state's lottery for another 20 years. The contract requires IGT keep 1,100 jobs in Rhode Island, spend $150 million in capital investment, pay $25 million to the state up front, and keep its North American headquarters in Rhode Island.
Marc Crisafulli, Twin River's Executive Vice President, said his team can match IGT's offer, plus add more incentives.
At Thursday's House Finance hearing, Crisafulli said Twin River is ready to pay the state $75 million up front for the contract, opposed to IGT's $25 million.
"That's how serious we are about competing for this business, and that's how confident we are that it's profitable for us," said Crisafulli.
IGT's representatives said if the General Assembly puts the contract out to bid, the company won't be able to guarantee the state keeps the 1,100 jobs.
"There are cheaper places to do business. I can tell you that. We're already located in those places," said Bob Vincent, the chairperson of IGT's Global Solutions.
Crisafulli told lawmakers Twin River can create those 1,100 lost jobs and offer them to any laid off IGT employees.
"We're a Rhode island company. We want to take care of these people. There are a lot of great people there and we would be honored to have them to our team," said Crisafulli.
Twin River's proposal is for 12 years, IGT's is for 20.
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