In a bold move to attract and retain high rollers, Bally’s Corporation is looking to increase the credit limit for its players at its Rhode Island casinos. The company, which operates Twin River Casino Hotel in Lincoln and Tiverton Casino Hotel in Tiverton, is hoping to entice big spenders to stay and play at their establishments with the promise of higher betting limits.
According to sources familiar with the matter, Bally’s is looking to raise the credit limit for high rollers from the current limit of $50,000 to as much as $100,000 or more. This move is part of the company’s broader strategy to boost revenue and compete with other gaming destinations in the region.
High rollers, also known as “whales,” are a coveted segment of the casino market because they tend to spend large sums of money on gambling and entertainment. By increasing the credit limit for these players, Bally’s hopes to keep them coming back for more and spending even more money at their properties.
The decision to increase the credit limit comes as Bally’s looks to position itself as a major player in the Rhode Island casino market. The company recently acquired the Twin River Worldwide Holdings, Inc., which owned and operated the Twin River Casino Hotel and Tiverton Casino Hotel. With this acquisition, Bally’s now has a significant presence in the state and is looking to capitalize on the lucrative gambling market.
In a statement, Bally’s CEO George Papanier expressed confidence in the company’s ability to attract high rollers with the increased credit limits. He stated, “We are committed to providing a world-class gaming experience for our players, and offering larger credit limits is just one of the ways we are demonstrating our dedication to meeting the needs of our high-end customers.”
While some industry observers have raised concerns about the potential risks of increasing credit limits for high rollers, Bally’s is confident that the move will pay off in the long run. The company has implemented strict protocols and procedures to ensure responsible gaming practices and minimize the risk of customers overspending.
Overall, Bally’s decision to increase credit limits for high rollers at its Rhode Island casinos is a strategic move aimed at attracting and retaining top customers in a highly competitive market. With this bold move, the company is positioning itself as a leader in the gaming industry and setting the stage for continued growth and success in the region.
