LAND CASINO REVENUES CONTINUE TO DECLINE

24 October 2008

Colorado feeling the pain of the recession

 

Colorado's gambling regulatory body has released depressing revenue figures for the state's land gambling operations reflecting the international trend to lower gambling revenues already reported from Las Vegas and Macau.

Revenues for September 2008 were down compared to the same period last year, with state-wide revenues of $59.3 million - a decline of 18.72 percent in Central City, Black Hawk and Cripple Creek.

Central City reported revenue of $5.4 million for September, down 26.4 percent from September 2007; Black Hawk casino revenues declined 19.97 percent to $41.14 million and Cripple Creek’s casinos recorded a drop of 10.3 percent to $12.8 million.

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