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Colorado Town Grants Casinos Looser Rules in Landslide
CRIPPLE CREEK, COLORADO --
Colorado voters gave the residents of each of its three gambling towns the right to expand casino laws in several ways this past November. Cripple Creek was the first town to vote on the measures, and it resoundingly passed the new options.
Residents voted 267 to 13 to increase betting limits from five dollars to one hundred dollars, allow casinos to stay open twenty-four hours a day, and add roulette and craps to their available games. Only a state vote on gambling tax rates is necessary for the new rules to go into effect on July 2nd.
Black Hawk citizens will vote next, on January 13th, followed by residents of Central City, on January 20th. It is expected that the referendum provided by the passage of state Amendment 50 will easily win voter approval in both towns.
The state resolution easily met a sixty percent requirement in the November state elections. The new laws are expected to allow Colorado casinos to compete more effectively, especially in light of business lost to smoking bans and the economic recession.
New revenue from the gambling towns is earmarked for state universities and colleges. It has been forecast that if all three towns adopt the new regulations, as much as $300 million in additional revenue may be generated annually. Forty-three casinos are hosted by the three municipalities.
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