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Casino odds aren’t as flexible as you think

Casino odds aren’t as flexible as you think

Gamblers, as anyone who has spent time in a casino knows, are superstitious. They may know that slot machine payouts are governed by the chilly indifference of a computer chip, and that a random-number generator determines when jackpots are paid. But that knowledge seldom is internalized. Many players seem to believe certain machines are “looser”… Continue Reading Casino odds aren’t as flexible as you think

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. Continue Reading Casinos — maybe a solution for Colorado Springs?

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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 Cripple Creek’s casinos grapple with tax increase

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Cripple Creek gaming revenue up in July

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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 Cripple Creek gaming revenue up in July

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By Andrea Sutherland Colorado Springs-based Century Casinos, Inc. has applied for a casino license in Switzerland. Century operates casinos in Cripple Creek and Central City as well as in several other countries including Canada, Poland and the Czech Republic. “We’re always looking for attractive opportunities in Europe,” said Peter Hoetzinger, the CEO and president of… Continue Reading Century Casinos applies for Switzerland casino license

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Winnings trickle in for back child support

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It’s now been a year since a Colorado law went into effect, requiring casinos to check for and collect payments from the winnings of individuals who owe back payment money for child support. During that time, $94,834 has been collected for families in El Paso County.  The proceeds, however, represent only a small percentage of the total amount… Continue Reading Winnings trickle in for back child support

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Cripple Creek’s casinos are betting on a much-needed economic boost from new games, higher betting limits and extended operating hours. Measured by adjusted gross proceeds, Cripple Creek casino revenue reached the high water mark of $154.9 million during 2007, following years of steady growth. But during 2008, yearly revenue plummeted nearly 10 percent to $140.1… Continue Reading Casinos betting changes will boost bottom lines

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