• Report: #516075

Complaint Review: Twin River Casino

  • Submitted: Wed, October 28, 2009
  • Updated: Wed, October 28, 2009

  • Reported By: Brad castle — East Greenwich Rhode Island U.S.A.
Twin River Casino
100 Twin River Rd Lincoln, Rhode Island United States of America

Twin River Casino twinriver casino Twin rivers payout percent are the lowest in the country, making it a sucker bet. Lincoln, Rhode Island

*Consumer Comment: Sucker bet?

*Author of original report: Dollar amounts should read 7billion not 173million, and walk away cash is at 17million.

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

Twin River, the slot parlor and greyhound racing track in Lincoln, has been plagued by financial difficulties for much of this year, first missing a payment to creditors, then seeking concessions from the state.

A  study claiming that Rhode Island slot machine payouts are so far below the industry average as to make gambling in the Ocean State a sucker's bet are being disputed by that state's Department of Revenue.

The UMD Center for Policy Analysis reported over the weekend that only about 73 percent of the amount wagered at Twin River and Newport Grand was returned to patrons as winnings, which center Director Clyde W. Barrow called "a surprisingly low payout rate."

This was back in October 2008.

Today October 28th 2009.

It has been brought to my attention that it has move to the outrages lower payout from an inside gaming controler. [continued below]....

.....As they fall so far behind due to the economy it is a losing bet everytime.

I was told 173million was made and only 1.7 million was paid out.in 2009

 "While Twin River and Newport Grand management may find such a low payout percentage beneficial to their bottom line, it is puzzling that Rhode Island state regulators allow local patrons mostly from their own state to be subject to such a low payout rate."

Stay clear of Twin Rivers at all costs.

You can not win, and that is now a fact!


This report was posted on Ripoff Report on 10/28/2009 07:16 AM and is a permanent record located here: http://www.ripoffreport.com/r/Twin-River-Casino/Lincoln-Rhode-Island-028650-4835/Twin-River-Casino-twinriver-casino-Twin-rivers-payout-percent-are-the-lowest-in-the-countr-516075. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Twin River Casino

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
1Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Sucker bet?

AUTHOR: Ramjet - (U.S.A.)

Isn't a Casino always a sucker bet?

I don't think they build those incredibly fancy places by losing.

 

Respond to this report!
What's this?

#2 Author of original report

Dollar amounts should read 7billion not 173million, and walk away cash is at 17million.

AUTHOR: Brad castle - (U.S.A.)

Dollar amounts should read 7billion not 173million, and walk away cash is at 17million.

The Public Gaming Research Institute has been watching the wrong doings for quite sometime now. Just waiting for the truth to show its ugly head.

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
X