Go to the mobile version of this Web site.

Login | Contact Us | Site Map | Paid archives | Electronic edition | Subscription Questions | Extras

Another monthly drop for Colorado casinos

Rocky Mountain News staff

Published October 20, 2008 at 4:24 p.m.
Updated October 20, 2008 at 4:24 p.m.

Text size  

More Skiing & Tourism

More stories »

Colorado casinos reported declining revenues in September, with total proceeds of mountain gambling establishments dropping by 18.7 percent to $59.3 million, according to the state’s gaming division.

Black Hawk, which accounts for the majority of the state’s gambling activity, posted a decrease of almost 20 percent with revenues of $41.1 million.

Cripple Creek proceeds dropped by 10.3 percent to $12.8 million, while Central City reported a 26.4 percent decline to $5.39 million.

Comments

  • October 21, 2008

    8:57 a.m.

    Suggest removal

    scodtt writes:

    And yet they tell us it's a good idea to handcuff community college funding to the casinos because the revenue only goes up!

    Vote no on 50!

    See much more at http://KeepVegasOut.com/

  • October 21, 2008

    8:48 p.m.

    Suggest removal

    freedomandchoice writes:

    Stephanie Steinberg told us revenues would go up with the smoking ban as all the non-smokers would flood into the Casinos........OOPS!!!!! Not only did we loose 18.7%, but we also lost a possible increase in revenues that has been happening over the last several years. Maybe it is time for a reasonable compromise. I understand the non-smokers wanting a smoke free area. Could we have a non-smoking section and a smoking section??????.......maybe with a wall and seperate ventilation systems. This way everybody has a choice and the Casinos can maximize profits and Colorado can maximize tax revenues........does this make sense to anyone else?????

  • November 1, 2008

    10:17 p.m.

    Suggest removal

    Gonzopozo writes:

    Freedomandchoice - makes perfect sense. A few casinos (Fortune Valley and Famous Bonanza in C-City for instance) have tried it (before the ban) and the areas were underutilized. Bonanza finally closed theirs. Nonetheless they would have all built non-smoking areas and offered to do so. Not good enough.

    Steinberg is either a fool or lied about revenues to get the legislature to do her bidding. What happened in other states has happened in Colorado. Send her the bill for the lost tax revenue.

    And Scodtt - what? "Handcuff funding"? That's absurd. This will be ADDITIONAL funding, and may very well go UP if 50 passes.

    But 50 has so many other upsides. Like getting rid of the ONLY commission in the State that can raise taxes without a citizen vote. Like supporting the 9000 jobs casinos provide. Like giving the residents of the casino towns a meaningful say in what happens in their towns. Vegas in Colorado? That's also absurd. See any strip clubs in Black Hawk? Is there an airport? Will the alcohol laws change? (NO !)

    Leave the ban (they'll never change it back anyway) but pass A-50.