» you’re reading...

Local News

Twin River creditors reach agreement on bankruptcy

Photo licensed under Creative Commons, courtesy Flickr user: cheukiecfu

The battle over money owed by the bankrupt Twin River slot parlor may be coming to an end.

A pending agreement between financiers and businesses will pay back some of the $4.1 million in debt declared by Twin River to the U.S. Bankruptcy Court in June. Creditors will vote on the agreement in March.

Some creditors will be paid back in full, while others will be paid 65 cents on every dollar they are owed.

Gambling and lottery sales are the third-largest source of revenue for Rhode Island.

Discussion

Comments are disallowed for this post.

Comments are closed.