|
|
|
 |
Colorado Casinos Getting Gambling Expansions
BLACK HAWK, COLORADO --
Like the town of Cripple Creek before them, Black Hawk residents approved the gaming expansions made available to local casinos with the state passage of Amendment 50. Colorado's second gambling town voted 54 to 6 in favor of introducing new games, betting limits, and hours of operation, leaving only Central City to consider the new laws.
Amendment 50 gave the gambling towns the option to raise wagering maximums from five dollars to one hundred dollars, remove mandatory closing times for casinos, and add roulette and craps to legal games for players.Both Black Hawk and Cripple Creek voted in landslides to accept the new rules, and Central City is expected to follow suit.
The new revenues will contribute as much as $200 million over five years into Colorado's system of colleges and universities. Tourism is expected to increase in the casino towns, and jobs will be created both at casinos and in supporting industries.
Casino officials had argued that the new proposals were necessary to keep the Colorado gambling industry competitive. As gambling venues became more numerous around the country, the restrictive laws had left Colorado at a disadvantage.
Officials hope the new laws will allow gambling revenues to expand even in the face of recession and smoking bans. Central City will vote January 20th, Inauguration Day.
Previous Gambling Law News Articles
Post A Comment
|
 |
|
|
|
