An error has occurred. Gambling is the state's third-largest source of revenue. Atlantic City once had the densely populated Northeast all to itself, but now bankruppt every state in the region is home to casinos. Construction began in May on a four-story, room hotel attached to the casino. In other words, the racino does not want the racing part anymore. BLB filed for bankruptcy protection inand said it would have to end dog racing for the casino to survive. Just the casino, thanks.The number of visitors had fallen, and casino revenues were plummeting. . When Twin River Casino, in Lincoln, filed for bankruptcy in NEW YORK, June 23 (Reuters) - Rhode Island casino operator UTGR Inc, which operates under the name Twin River, filed for bankruptcy on. Rhode Island's embattled Twin River racino has filed for bankruptcy court protection after a year of high-stakes, but so far unsuccessful.