Bill would let Twin River extend $75K in credit

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PROVIDENCE, R.I. (AP) — A credit line of up to $75,000 could be extended to gamblers at Twin River under legislation set to be reviewed by the House Finance Committee.

The bill, sponsored by Finance Chairman Raymond Gallison, is being heard Wednesday.

The introduction to the bill calls it imperative that legislative steps be taken to "preserve and protect the state's ability to maximize revenues at Twin River in an increasingly competitive gaming market."

Rhode Island is projecting a significant loss of gambling revenue because of expected gambling expansion in Massachusetts.

Twin River spokeswoman Patti Doyle calls the extension of credit an amenity and says it's a common industry practice. She says players would be subject to rigorous background and credit checks and that Twin River would be responsible for any nonpayment.

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