PROVIDENCE, R.I. (WPRI) ─ The parent company of Twin River, which owns and manages the state’s two casinos, has chosen the new site for its headquarters.
Twin River Worldwide Holdings Inc. announced Monday that it plans to move its corporate headquarters to the sixth floor of the Wexford Innovation Complex in Providence.
The company, which was previously housed in a Westminster Street building bordering Kennedy Plaza, hopes to move into the Wexford building by 2021.
Twin River said approximately 30 employees will initially move to the new building. The new location will house the executive, legal, finance, technology and human resources offices.
“We wanted to be a part of the city’s resurgence, but now, we want to be one of its catalysts,” Marc Crisafulli, Twin River’s executive vice president, said in a news release.
The company also wants to develop the waterfront park area near the complex, paying the city $100,000 a year for naming rights between July of this year and June 2043, for a total of $2.3 million.
“Supporting the park for 23 years and perhaps beyond is another way we can positively contribute to the fabric of this community and preserve and enhance this green space centerpiece within the district,” Crisafulli said.
The decision comes less than a week after the company announced a partnership with competitor IGT to handle technology at the casinos.