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1 million and gaming taxes paid to the state were

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Unformatted text preview: tors less payout from the casinos, were $754.1 million, and gaming taxes paid to the state were $104.8 million. This reflects a decrease of 5.4% in AGP compared to the FY2010 AGP of $794.9 million and a 2.7% decline in gaming taxes over the FY2010 taxes of $107.7 million. Black Hawk continues to dominate the Colorado casino sector with 18 casinos, approximately 8,600 gaming devices, and about 73% of the industry’s AGP. Cripple Creek has 14 casinos, roughly 4,000 gaming devices, and 18% of AGP, while Central City has 8 casinos, 2,400 devices, and around 9% of AGP. While the gaming industry experienced a very modest recovery from the recession, it remains threatened by the Colorado legislature’s continued attempts to expand gaming to the Front Range, such as authorizing video lottery terminals, keno machines, or instant racing wagering machines at racetracks and other locations. In addition, the U.S. Department of Interior has relaxed its rules regarding off-reservation gaming, which may generate interest among tribes without recognized reservations in Colorado t...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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