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July 8, 2008

Protecting the State's Gambling Investment

Carroll Andrew Morse

ChasWalker has a good post up at RI Future, adding some color to the new procedures implemented by the state for protecting the nightly haul from Twin River, in the event of the casino operator suddenly declaring bankruptcy.

Based on ChasWalker's parameters and using special pre-cognitive predictive software just installed on my computer, I've run a simulation that visualizes what the last day at Twin River could look like, if Twin River goes bankrupt after part of the equity in the state's lottery system has been given to the employee pension fund, meaning that there are three parties with a direct and major stake in all winnings.

To see the results, click here.