Jai Alai Casino Newport Ri
Specialties: Newport Grand has over 1,000 slot machines, virtual blackjack & roulette tables, live entertainment, free concerts, food, drinks and fun. Get directions, reviews and information for Newport Jai Alai Sports Theater in Newport, RI. Newport Jai Alai Sports Theater 150 Admiral Kalbfus Rd Newport RI 02840. Reviews (800) 556-6900. Menu & Reservations Make Reservations. Order Online Tickets Tickets See Availability.
The Newport Grand casino, in Newport, R.I., has changed hands for $10.2 million. The Rhode Island-based Carpionato Group acquired the property from Twin River Management Group. A team from NKF Capital Markets worked in conjunction with Paolino Properties to close the transaction.
The 23.5-acre site initially served as a jai alai arena, with the first slot machines added in 1992. In 2008 it was completely renovated into a full casino. New ownership plans to redevelop the site once again into a mixed-use project, after the gaming facility relocates to Tiverton, R.I., later this year.
The casino is located at 150 Admiral Kalbfus Road, in a densely populated area, with 97,300 people living within a 10-mile radius. Newport receives an annual influx of about 3.5 million tourists. The casino features regular community events, weekly concerts and shows at its event center, a cocktail lounge and a restaurant.
Jai Alai Casino Newport Ri Things To Do
“Newport Grand is well positioned for redevelopment into a vibrant mixed-use destination. The property represents a truly generational opportunity in a high barrier-to-entry market,” said Justin Smith, managing director at NKF, in a prepared statement.
Miami Jai Alai
Smith was joined by Executive Managing Director Geoffrey Millerd and Financial Analyst Samantha Torto in executing the transaction.
Jai Alai Games In Florida
Image courtesy of NKF