PROVIDENCE, Rhode Island -- As reported by the Providence Journal: "Owners of the Twin River greyhound track and slot parlor have put the state on notice they intend to 'suspend' dog-racing on May 31.
a letter hand-delivered to the head of racing and athletics at the state Department of Business Regulation on Tuesday, Twin River vice president and general counsel Craig L. Eaton wrote: 'This correspondence is to inform the DBR of the indefinite suspension of racing dates for the balance of 2009 as of May 31 ... [when] Twin River will have run its legally-mandated one hundred twenty-five (125) racing dates for year 2009.'
"The letter did not elaborate. But the action came little more than a week after Twin River's owners announced that the Carcieri administration had broken off months of closed-door talks 'regarding the possible state takeover or purchase of the gaming venue.'
"And Twin River spokeswoman Patti Doyle described the action as the first in a series of steps being taken in preparation for a possible bankruptcy filing by the slot parlor in Lincoln, whose owners have been struggling to pay back $565 million in outstanding loans they acquired in 2005-06 to buy, expand and renovate the sprawling gambling hall in Lincoln..."
|Lincoln Park is being transformed into Twin River, the largest casino in Rhode Island. Although the casino won't have table games, there will be over 4,700 slot machines and greyhound racing.|
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