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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

Big Jim to open new Cripple Creek casino

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Despite tough times for casinos, the Colorado Limited Gaming Control Commission will consider an application for a new license in Cripple Creek this Thursday. Jim Druck and two unnamed partners intend to open Big Jim’s Gambling Hall and Saloon “soon,” Druck said. Once the commission gives him the go ahead, Druck said he and his… Continue Reading Big Jim to open new Cripple Creek casino

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CO Senate considers video lottery

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Video lottery terminals at Colorado horse racing tracks is up for debate in the state Senate as lawmakers look for ways to ease budget cuts for education. Senate Bill 233 would allow video lottery terminals at two horse tracks, with the proceeds going to higher education. There is no official estimate from the state how… Continue Reading CO Senate considers video lottery

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Gamblers could take the games back to their hotel rooms if a new bill passes. Nevada legislators are considering a bill to allow patrons to gamble on casino-issued mobile devices anywhere in a hotel-casino. Existing law confines gambling to supervised public areas. The mobile devices would guard against underage gambling by periodically asking players to… Continue Reading Nevada bill would expand gambling to hotel rooms

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Casinos in Blackhawk and Central City saw increased revenue during June, compared to a year earlier, while Cripple Creek revenues declined. Total adjusted gross proceeds from Colorado casinos increased by more than 7 percent, from $57.55 million during June of 2009 to $61.75 this June. Black Hawk casinos increased their take by 12 percent, while… Continue Reading Gaming revenue: Blackhawk soars, Cripple Creek stagnates

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Colorado gambling tax revenue is up one year after casinos started expanding their hours, games and betting limits under a new law. But it’s not up as much as expected. Since July 2009, Colorado’s three mountain gambling towns have allowed casinos to stay open 24 hours, add craps and roulette, and raise betting limits from… Continue Reading Expanded gambling revenue lower than expected

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Hard times for ‘Creek’ casinos

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The gold mining boom of the 1890s created Cripple Creek and the gambling boom of the 1990s revived it. But all booms end, and unless the economy takes off, Cripple Creek’s best days might be behind it. Despite voter approval of higher bet limits, extended gaming hours and more table games, gambling revenues in Cripple… Continue Reading Hard times for ‘Creek’ casinos

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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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Unemployment, both nationally and regionally, has reached a 25 year high, as companies shed workers to adjust to the faltering economy. Here in the Pikes Peak region, it’s hard to find businesses that are adding workers, anticipating higher sales, and looking forward to a profitable summer – unless you drive up to Cripple Creek. Thanks… Continue Reading Putting everything on the tables

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Being a croupier (i.e., one who manages a craps table game) isn’t as easy as it might seem. Which is why a class of aspiring croupiers, who hope to land a job when Cripple Creek casinos introduce table games this summer, were busy learning their trade this week. “Running a roulette wheel isn’t as difficult… Continue Reading Job seekers hope they won’t roll craps during croupier training

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