It appears that New York Mayor Mike Bloomberg, a billionaire media mogul, has switched his affinity from Gov. Lincoln Chafee to RI General Treasurer Gina Raimondo in the 2014 Ocean State campaign for governor.
There’s an old chestnut in banking: If you owe the bank $10,000, the bank owns you. If you owe the bank $100 million, you own the bank.
That’s pretty much what has happened in Rhode Island state government’s quest to regulate the state-sponsored gambling emporiums at Newport Grand and at Twin River (aka Twin Rivahs in Vo Dilundese) in Lincoln.