by Amanda Miller Published: August 22,2011
Tags: casinos, gaming tax, Hickenlooper, Revenue
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 isn’t a [...] [...]
by admin Published: March 7,2011
Tags: casinos, Cripple Creek, Gaming
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 Century Casinos, Inc. [...] [...]
by Becky Hurley Published: October 22,2009
Tags: back child support, casinos, El Paso County, Sallie Clark
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 of child [...] [...]
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 million, erasing [...] [...]
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