Casinos — maybe a solution for Colorado Springs?
There’s a substantial, financially strong industry that would happily move to Colorado Springs. If invited to come, it would employ thousands of workers and invest as much as $200 million in new facilities.
Cripple Creek casino operators hope rising revenues will make up for a tax increase the Colorado Limited Gaming Control Commission approved last week. The commission reversed a 5 percent tax decrease on the gaming industry that cost the commission’s previous members their seats. Casino operators had asked the commission in spring 2011 for a 10 [...]
Continue reading …Revenue at Cripple Creek casinos increased during the summer months – up nearly $2.3 million from June to July. Average gross proceeds, or the amount the casino keeps after paying winners, were nearly $13.6 million in July, up from $11.3 million the previous month. Gaming analysts say revenue always increases in July, so the increase [...]
Continue reading …Colorado’s mountain town casinos continue to see falling revenues. The adjusted gross proceeds in Cripple Creek were down 5.3 percent during the past year. Cripple Creek’s casino retail sales were down in June from the previous month, according to tax records released by the Colorado Limited Gaming Control Commission this week. The total adjusted gross [...]
Continue reading …What are the odds? Owners of Triple Crown Casinos believe they are good – so good they’re spending several million dollars to build a 476-stall parking garage featuring covered walkways into the three casinos the group owns. The garage will funnel bettors into J.P. McGill’s, Midnight Rose, and the Brass Ass casinos. It is the [...]
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