2025 -- S 1112 | |
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LC002889 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2025 | |
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A N A C T | |
RELATING TO THE UTGR MASTER CONTRACT AND THE TWIN RIVER -- TIVERTON | |
MASTER CONTRACT -- CONSOLIDATED MARKETING PROGRAM | |
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Introduced By: Senators Ciccone, Tikoian, Gallo, and DiPalma | |
Date Introduced: May 23, 2025 | |
Referred To: Senate Labor & Gaming | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Except to the extent amended by this act, the terms, conditions, provisions |
2 | and definitions of Chapter 322 and 323 of the Public Laws of 2005, Chapter 16 of the Public Laws |
3 | of 2010, Chapter 151, Article 25 of the Public Laws of 2011, Chapters 289 and 290 of the Public |
4 | Laws of 2012, Chapter 145, Article 13 of the Public Laws of 2014, Chapter 141, Article 11, |
5 | Sections 16 -- 22 of the Public Laws of 2015, and Chapters 005 and 006 of the Public Laws of 2016 |
6 | , Chapter 302, Article 8, Sections 4-6 of the Public Laws of 2017, and Chapters 41 and 42 of the |
7 | Public Laws of 2021 (in each case as the more recent law may have amended an earlier law or |
8 | laws), are hereby incorporated herein by reference and shall remain in full force and effect. |
9 | SECTION 2. Definitions. For the purposes of this act, the following terms shall have the |
10 | following meanings, and to the extent that such terms are otherwise defined in any provision of the |
11 | general or public laws, for purposes of this act, those terms are hereby amended to read as follows: |
12 | (1) “Adjustment Amount” means the percentage increase in the consumer price index (CPI) |
13 | as reported by the Bureau of Labor Statistics (or any successor index that replaces it) as determined |
14 | on an Adjustment Date by multiplying: (i) The original marketing cap amount specified in the |
15 | Consolidated Marketing Program prior to any Adjustment Amount; and (ii) The fraction (A) the |
16 | numerator of which is the CPI published for the month immediately preceding the Adjustment Date |
17 | and (B) the denominator of which is the CPI value published for the month of June, 2025. |
18 | (2) “Adjustment Date” means the first date of each Marketing Year. |
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1 | (3) “Consolidated Marketing Program” means that Consolidated Marketing Program |
2 | authorized in this act. |
3 | (4) “Consolidated Master Contract” means the UTGR Master Contract and the Twin River- |
4 | Tiverton Master Contract as amended, restated, and consolidated pursuant to the terms set forth in |
5 | this act. |
6 | (5) “Division” means the state lottery division of the department of revenue and/or any |
7 | successor in interest thereto. |
8 | (6) “Division Percentage” means for any Marketing Year, the Division’s percentage of net |
9 | terminal income derived from video lottery terminals located at the Tiverton Facility and the |
10 | Lincoln Facility, as set forth in § 42-61.2-7 of the Rhode Island General Laws. |
11 | (7) “Lincoln Facility” means the Bally’s Twin River Lincoln Casino Resort located at 100 |
12 | Twin River Road, Lincoln, Rhode Island. |
13 | (8) “Marketing Cap” means an amount equal to the Division Percentage multiplied by |
14 | twenty-seven million two hundred and fifty thousand dollars ($27,250,000), and increased annually |
15 | on the Adjustment Date by the Adjustment Amount. |
16 | (9) “Marketing Program” means, as to UTGR, that marketing program set forth in Chapter |
17 | 16, Section 4(a)(iii) of Part A, of the Public Laws of 2010, as amended by Chapter 151, Article 25, |
18 | Section 8 of the Public Laws of 2011, and as amended by Chapter 145, Article 13, Section 5 of the |
19 | Public Laws of 2014, and as amended by Chapters 005 and 006 of the Public Laws of 2016. As to |
20 | Twin River-Tiverton, “Marketing Program” means that marketing program set forth in Chapter 16, |
21 | Section 4(a)(iii) of Part B of the Public Laws of 2010, as amended by Chapter 151, Article 25, |
22 | Section 8 of the Public Laws of 2011, and as amended by Chapters 005 and 006 of the Public Laws |
23 | of 2016. |
24 | (10) “Marketing Year” means the fiscal year of the state. |
25 | (11) “Tiverton Facility” means the Bally’s Tiverton Casino & Hotel located at 777 Tiverton |
26 | Casino Boulevard, Tiverton, Rhode Island. |
27 | (12) “Twin River-Tiverton” means Twin River-Tiverton, LLC and its permitted successors |
28 | and assigns under the Twin River-Tiverton Master Contract, as amended, restated, and consolidated |
29 | pursuant to this act. |
30 | (13) “UTGR” means UTGR, LLC, and its permitted successors and assigns under the |
31 | UTGR Master Contract, as amended, restated, and consolidated pursuant to this act. |
32 | SECTION 3. Authorized procurement of Consolidated Master Contract. Notwithstanding |
33 | any provisions of the General Laws of the state or regulations adopted thereunder to the contrary, |
34 | within ninety (90) days of the enactment of this act, the Division is hereby authorized and |
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1 | empowered to enter into an amended, restated, and consolidated contract (the “Consolidated Master |
2 | Contract”) among the Division, UTGR, and Twin River-Tiverton, which shall amend, restate, and |
3 | consolidate the UTGR Master Contract and the Twin River-Tiverton Master Contract, and which |
4 | shall: |
5 | (1) With the prior approval of the Division, consolidate the Marketing Program applicable |
6 | to UTGR and the Marketing Program applicable to Twin River-Tiverton into the Consolidated |
7 | Marketing Program, which shall be monitored by the Division, and shall further provide that the |
8 | marketing expenditures incurred by UTGR and Twin River-Tiverton, collectively, and not each |
9 | individually, will be reimbursed by the Division in accordance with the following terms: |
10 | (i) For each Marketing Year, the Division shall pay UTGR an amount equal to the product |
11 | of the Division Percentage multiplied by the total combined marketing expenditures of UTGR and |
12 | Twin River-Tiverton, provided, however that the total amount payable by the Division for each |
13 | Marketing Year pursuant to this section shall not exceed the Marketing Cap, as adjusted annually |
14 | on the Adjustment Date; |
15 | (ii) Provided, however, that in any partial Marketing Year, the total amount payable by the |
16 | Division shall be capped at the amount equal to the Marketing Cap multiplied by a fraction: (A) |
17 | the numerator of which is the number of days in any partial marketing year; and (B) the |
18 | denominator of which is three hundred sixty-five (365); and |
19 | (iii) Any amounts related to the Consolidated Marketing Program payable by the Division |
20 | shall be paid on a frequency agreed by the Division (but no less frequently than annually) out of |
21 | that share of net terminal income disbursed pursuant to § 42-61.2-7 of the Rhode Island General |
22 | Laws. |
23 | (2) The foregoing supersedes and replaces any law applicable to the Tiverton Facility or |
24 | the Lincoln Facility relating to the Marketing Program pertaining to such facility. |
25 | (3) The UTGR Master Contract and the Twin River-Tiverton Master Contract, as amended |
26 | and restated and as consolidated into the Consolidated Master Contract pursuant to this act, shall |
27 | remain in full force and effect. If there is a conflict between any provision of the Consolidated |
28 | Master Contract and this act, the provisions of this act control. |
29 | SECTION 4. This act shall take effect upon passage. |
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LC002889 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO THE UTGR MASTER CONTRACT AND THE TWIN RIVER -- TIVERTON | |
MASTER CONTRACT -- CONSOLIDATED MARKETING PROGRAM | |
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1 | This act would restate the UTGR Master Contract and the Twin River-Tiverton Master |
2 | Contract and would consolidate the marketing program of each into the Consolidated Marketing |
3 | Program. |
4 | This act would take effect upon passage. |
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LC002889 | |
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