PROVIDENCE - Talks between the state of Rhode Island and the struggling Twin River slot parlor and dog track about a possible state takeover have broken off.
Governor Don Carcieri's office tells the Providence Journal that the administration ended the months-long negotiations because it was decided that taking on the Lincoln gambling facility's debt at a time the state is in a dire fiscal situation would be unwise.
A Twin River spokeswoman says the facility's ownership is reviewing its options, which could include taking its case to the Legislature.
Twin River is expected to generate nearly $247 million for the state this year.
Owners fell behind in debt payments in March 2008. At last report, they had $565 million in outstanding loans, while revenue has stagnated. The file photo above this post shows slot machines scattered about the Twin River casino. (AP)