Colorado Gaming Facilities Enjoys Increase in Earnings Due to Addition of Craps and Roulette
Colorado's casino facilities hit the jackpot for the month of July 2009, posting a sixteen percent improvement in revenue during the first month of bigger wagering limits, additional new casino games and 24 four hours gaming.
Casino facilities in the gaming town of Black Hawk, the state of Colorado's premier gaming destination and the base for the biggest gaming operators, were the biggest winners of all with this development, posting historic record gaming revenue of $54.4 million, which is up by nineteen percent from the same period a year ago.
Overall, gaming facilities across Colorado posted a $76.1 million in adjusted gross proceeds, which is the total wagers minus the player payouts, according to the report released to the public by the Colorado Division of Gaming on September 28th, 2009. That represents the 2nd best month in Colorado gambling history, trailing only the $76.5 million posted in July 2007.
Cripple Creek casino facilities posted adjusted gross proceeds of #15.1 million and Central City had $6.6 million. On July 2nd, 2009, the maximum wager was changed to $100 from the previous amount of $5 and casino facilities were permitted to add craps and roulette to their gaming line-up and stay open for 24/7 rather than having to shut down their business at 2:00 a.m.
The changes were approved by state voters last November 2008. The industry's casino table games earnings increased by 111% with the addition of craps and roulette.
2009-10-26
Sophie White
