Lottery giant IGT is sole bidder to run sports betting in R.I.
PROVIDENCE, R.I. — IGT, the corporate that runs Rhode Island’s digital lottery techniques, is the sole bidder for a freelance to run the state’s proposed foray into sports betting.
The Lottery issued a request for proposals at the sports betting contract final month and even though 18 corporations participated in a pre-bid convention at the contract, the Providence-based corporate previously referred to as GTECH was once the one one to post a bid by way of final Friday’s cut-off date, the R.I. Lottery introduced Monday.
“We would have preferred more bidders,” Lottery spokesman Paul Grimaldi stated in an e mail concerning the reaction. “18 companies expressed an interest in the RFP. We’re not going to speculate as to why more bids weren’t submitted.”
Asked whether or not the contract might be rebid, Grimaldi stated the IGT proposal has been grew to become over to the Lottery’s “Technical Review Committee” to see whether or not it meets fundamental necessities.
“The bid could be rejected if a flaw(s) is discovered in the submission,” Grimaldi wrote. “We will consider our options at that point.”
The Lottery Monday didn’t make the IGT bid public.
Angela Wiczek, spokeswoman for IGT, stated the corporate would no longer touch upon a pending bid.
Earlier this month, the U.S. Supreme Court overturned a ban on states legalizing sports playing, atmosphere off a hurry in Rhode Island and around the nation to capitalize on a probably profitable new income.
Anticipating the ruling, Gov. Gina Raimondo in January proposed putting in place state-controlled sports books at Twin River’s on line casino in Lincoln and the soon-to-open on line casino in Tiverton. Under the plan, Twin River workers would take the bets, and the brand new contractor would set odds and run the generation device facilitating the wagers.
The finances estimates $23.five million in new state earnings on round $800 million in general wagers.
But the scope of Rhode Island sports betting may extend past betting on the two casinos. Senate President Dominick Ruggerio has stated he helps eventual enlargement into a couple of “satellite” betting parlors and in the end on-line wagering.
The RFP asks the bidder to “demonstrate in their proposals their capability to readily adapt to any future additions to authorized sports betting.”
“Bidders are encouraged to not only submit proposals and bids on sports betting at the Twin River Gaming Facility and the Tiverton Gaming Facility but also to separately provide proposals and bids that include multiple options to implement other types of sports betting in Rhode Island, if later authorized by the state including innovative and cutting edge options available as sports betting technology grows,” The RFP stated.
In contemporary hearings ahead of lawmakers at the sports playing proposal, Lottery officers stated most of the main points of Rhode Island’s sports betting trade would rely on proposals from venders.
That would come with what percentage of the winnings would move to the corporate, state and probably Twin River.
IGT made $53 million offering apparatus and gaming services and products to the Rhode Island final yr and was once in shut touch with Lottery officers in the previous six months as anticipation of a positive Supreme Court ruling grew.
Scott Gunn, a senior vice chairman at IGT, instructed Lottery officers and others in the gaming trade final fall that he believed Rhode Island citizens had already tacitly licensed sports betting.
He additionally supplied working updates on regulation around the nation and referred the Lottery to adviser Ludovico Calvi, a former government to IGT’s Italian associate for recommendation.
Among the contributors in the April 24 pre-bid convention at the sports betting RFP, in addition to IGT, have been representatives of MGM Resorts International, Greek lottery corporate Intralot, day-to-day delusion sports website Draftkings and previous House Speaker John Harwood (indexed as a “public citizen.”)