Pending state approval, the bankrupt Twin River slot parlor in Rhode Island announced a new three-member board of directors to oversee the property when it emerges from bankruptcy later this year.

The new board consists of Glenn Carlin, senior managing director of Americas Investment Banking for CBRE Capital Advisors, Inc.; John McLaughlin, an independent gaming industry consultant; and John E. Taylor Jr., president and CEO of GameLogic of Boston, which is focused on Internet-based games and marketing platforms for the gaming industry.

The new board will assume responsibility for Twin River's "overall strategic management, financial performance and supervision of operations," said Twin River spokeswoman Patti Doyle.

The timing of the appointments is "critical" as Massachusetts is poised to authorize full casino gaming, Doyle said. "By selecting board members who have realized unqualified success in their chosen and related careers, we believe that we have taken the necessary steps to protect Rhode Island's third largest source of funding."

Twin River filed for Chapter 11 bankruptcy protection from creditors last June, citing debts of about $590 million.

By Staff

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