{"id":1969,"date":"2024-06-09T16:35:27","date_gmt":"2024-06-09T16:35:27","guid":{"rendered":"http:\/\/restaurace-pohoda.eu\/?p=1969"},"modified":"2024-06-20T13:31:33","modified_gmt":"2024-06-20T13:31:33","slug":"rhode-island-senate-approves-raising-credit-limits-at-ballys-casinos","status":"publish","type":"post","link":"http:\/\/restaurace-pohoda.eu\/index.php\/2024\/06\/09\/rhode-island-senate-approves-raising-credit-limits-at-ballys-casinos\/","title":{"rendered":"Rhode Island Senate Approves Raising Credit Limits at Bally\u2019s Casinos"},"content":{"rendered":"

The Rhode Island Senate last week approved legislation to allow the state\u2019s two commercial casinos to lend higher amounts of cash to high rollers.<\/span><\/p>\n

\"Rhode
Bally\u2019s Twin River Lincoln and Bally\u2019s Tiverton in Rhode Island could soon be allowed to offer high rollers larger amounts of credit after legislation advanced in the state capital last week. Currently, casinos are limited to extending up to $50K in cash to gamblers after performing credit checks to make sure they\u2019re good for such advances. (Image: WPRI<\/em>)<\/figcaption><\/figure>\n

Senate Bill 3040 seeks to amend the state\u2019s gaming regulations to permit Bally\u2019s Twin River Lincoln and Bally\u2019s Tiverton to double the credit they can lend to VIPs and other gamblers wishing to bet big.<\/span><\/p>\n

Under Rhode Island\u2019s present rules, the two brick-and-mortar casinos can lend up to $50K per player in cash. SB3040 would take the cap to $100K.<\/span><\/p>\n

\n

The state Senate on Thursday voted 28-5 in favor of the measure. It now moves to the state House of Representatives where it\u2019s been directed to the chamber\u2019s Finance Committee for initial review.<\/span><\/p>\n<\/div>\n

Bally\u2019s asked state Sen. President Dominick Ruggerio (D-North Providence) for the higher lending line<\/a>. The Rhode Island-based gaming corporation said the amendment is needed to allow its casinos to compete with gaming resorts in neighboring Connecticut and Massachusetts where there are no limits.<\/span><\/p>\n

Opponents Raise Problem Gambling Concerns<\/b><\/span><\/h2>\n

State Sen. Sam Bell (D-Providence) was among the \u201cno\u201d votes for SB3040. He pondered why a casino should need to allow a gambler to lose more than $50K in a single day.<\/span><\/p>\n

\n

This is bad,\u201d Bell declared. \u201cGoing into debt from gambling is dangerous. We should not maximize profit when it comes to an addictive product.\u201d<\/span><\/p>\n<\/blockquote>\n

Bally\u2019s says many high rollers have the financial ability to weather such losses. Extending credit isn\u2019t to provide gamblers with money they don\u2019t have, but to provide them with an easier, safer means of obtaining large sums of cash than carrying tens of thousands of dollars in bills into the business.<\/span><\/p>\n

Credit, or \u201cmarkers,\u201d must be repaid by the player within a certain timeframe, typically 15 to 45 days. Casinos also don\u2019t lend markers to players without doing a credit check.<\/span><\/p>\n

\n

The Bally\u2019s Lincoln and Tiverton credit applications require players to provide two banking accounts that are verified by a third-party service. Applicants who falsely complete a credit application are subject to criminal liability for perjury under Rhode Island\u2019s General Laws.<\/span><\/p>\n<\/div>\n

The Rhode Island House has until June 14 to pass the casino credit bill to Gov. Daniel McKee\u2019s (D) desk.<\/span><\/p>\n

Casino Smoking Remains<\/b><\/span><\/h2>\n

Legislation introduced in February to overhaul the state\u2019s clean indoor air law that provides indoor smoking exceptions<\/a> for Rhode Island\u2019s casinos and parimutuel wagering facilities won\u2019t reach McKee\u2019s desk this year.<\/span><\/p>\n

\n

In May, House Bill 7500 was tabled<\/a> by the House Finance Committee to allow a \u201cfurther study\u201d to be completed on the economic implications of forcing gaming venues to go smoke-free<\/a>. Rhode Island\u2019s Public Health and Workplace Safety Act passed in 2024 allows for indoor casino smoking.<\/span><\/p>\n<\/div>\n

Bally\u2019s in 2022 announced that tobacco smoking would no longer be permitted at table games.<\/span><\/p>\n

A grassroots coalition of Bally\u2019s casino workers continues to lobby state lawmakers in Providence to pass legislation to free their workplaces of secondhand smoke. Ruggerio, one of the most powerful lawmakers in the heavily Democrat-controlled General Assembly, is opposed to such a change.<\/span><\/p>\n

The Senate president last year said gamblers who don\u2019t want to be around tobacco smoke should \u201cstay home\u201d and gamble online<\/a>. Ruggerio is a smoker himself and has battled cancer in the past.<\/span><\/p>\n

The post Rhode Island Senate Approves Raising Credit Limits at Bally\u2019s Casinos<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Rhode Island Senate last week approved legislation to allow the state\u2019s two commercial casinos to lend higher amounts of cash to high rollers. Bally\u2019s Twin River Lincoln and Bally\u2019s Tiverton in Rhode Island could soon be allowed to offer high rollers larger amounts of credit after legislation advanced in the state capital last week.…<\/p>\n","protected":false},"author":1,"featured_media":1971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/1969"}],"collection":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/comments?post=1969"}],"version-history":[{"count":2,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/1969\/revisions"}],"predecessor-version":[{"id":1972,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/1969\/revisions\/1972"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media\/1971"}],"wp:attachment":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media?parent=1969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/categories?post=1969"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/tags?post=1969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}