Racetrack owners making another run at video gambling

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The 17-acre Colorado Springs Post Time Greyhound Park is one of the state’s four racetracks that wants to add video-gambling machines to its operation.

The state’s voters would be asked to approve a ballot issue if BLB Investors, the local track’s owners, move ahead on plans to promote redevelopment of the four facilities to a combination race track and casino.

Other tracks owned by the company, which purchased the multiple operations in 2005, include the Mile High Greyhound Park in Commerce City, the Pueblo Greyhound Park and Aurora’s Arapahoe Park horse racing track.

So far, discussions are still in the in early stages according to Commerce City and Aurora officials who have met with the company’s representatives. Any ballot proposal would require two-thirds approval by the Senate and House of Representatives to get the measure placed on the November 2008 ballot.

Colorado Springs Mayor Lionel Rivera said he has not been contacted by the company’s representatives.

“One of our concerns for the failed 2003 measure was there was no revenue earmarked for the cities impacted by increased gambling,” he said.

Colorado’s greyhound- and horse-racing industry has struggled ever since the state approved casino gambling in Black Hawk, Central City and Cripple Creek in the 1990s, according to the state’s gambling industry analysts.