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Colorado casinos take another hit

By Joanne Kelley, Rocky Mountain News (Contact)

Published August 19, 2008 at 4:49 p.m.
Updated August 19, 2008 at 4:49 p.m.

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Colorado casinos reported a 14 percent drop in revenues in July, the seventh straight month of declines.

The state’s casinos generated $65.6 million in proceeds last month, besting June’s performance but falling about $10 million short of July 2007, according to the state gaming division.

Central City posted the biggest percentage drop, with revenues declining 20.4 percent to about $6.1 million. Black Hawk, which attracts the most gamblers, experienced a 14.8 percent decrease to $45.7 million. Cripple Creek fell 9.1 percent to $13.86 million.

Comments

  • August 19, 2008

    5:41 p.m.

    Suggest removal

    Buckwheat writes:

    So...How's that smoking ban working out for you now???

  • August 19, 2008

    7:12 p.m.

    Suggest removal

    GodzillaSr writes:

    this measure wasn't passed by the casinos, but by the whiny yuppies who demanded for clean air as far as their eyes see. and not neccessarily establishments used. surperceding the rights of smokers.

  • August 20, 2008

    6:08 a.m.

    Suggest removal

    glowrock writes:

    You do realize that the vast majority of the losses can likely be attributed to a poor economy and high gas prices, don't you?

  • August 20, 2008

    8:38 a.m.

    Suggest removal

    Gonzopozo writes:

    Smoking bans in other casino states (before the poor economy and high gas prices) resulted in an average 10% drop in gaming revenues. Consequently there was a 10% drop in gaming TAX revenue and a 10% drop in casino-related jobs.

    Colorado is no different than anyone else.

    Sure wish we could have at least voted on this one.

  • August 22, 2008

    1:59 p.m.

    Suggest removal

    fastnloose writes:

    People are saving their money to pay all the taxes they will owe if Obama Jama is elected.

  • August 23, 2008

    6:07 p.m.

    Suggest removal

    freedomandchoice writes:

    I understand non-smokers wanting a smoke free area. My question to the non-smokers is there any room for compromise?? Could we have a smoking section and non-smoking section??? This way everyone has a choice and the Casinos/Colorado maximize revenues. Let's remember we are talking about Casinos, not Health Clubs......Adults come here to gamble, drink and smoke. I guess I am tired of the Nanny government these days.