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Gonzopozo Site Admin
Joined: 20 Jun 2005 Posts: 166 Location: Lakewood, Colorado 2089 credits
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Posted: Fri Feb 17, 2006 7:08 pm Post subject: Colorado January casino proceeds up 6.4 % |
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Colorado casinos reported $63.9 million in adjusted gross proceeds in January, a 6.4 percent increase from the same month a year ago.
Black Hawk casinos recorded the biggest gain last month, with proceeds of $45.8 million, up 7.9 percent from a year ago.
Cripple Creek casinos had proceeds of $12.2 million, a gain of almost 5 percent.
Central City gaming establishments reported proceeds of $5.9 million, a drop of roughly 1.8 percent from a year ago.
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louis Member
Joined: 04 Jan 2006 Posts: 23
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Posted: Mon Feb 27, 2006 11:29 pm Post subject: |
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Impressive statistics, and it seems as though casino and gambling establishments are still a good bet (no pun intended)
I do wonder how long this growth can last, as I've seen stats from around the US, and practically everywhere is up significantly on last years profits, which were in turn up on the previous years etc.
How long before we hit a decline you reckon? |
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Gonzopozo Site Admin
Joined: 20 Jun 2005 Posts: 166 Location: Lakewood, Colorado 2089 credits
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Posted: Tue Feb 28, 2006 12:30 am Post subject: Casino Growth |
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You know what??? Never. There may be short-lived declines (like if another 9-11 comes along) but over the long term all I see is growth-growth-growth.
More and more states are passing gaming legislation every year.
Las Vegas has 3 new mega-resorts on the way.
You know what's driving all this? Kids. Every year another load turns 21 and they are gaming maniacs. They grew up with video games and that's all a slot is these days. Plus there's Hold'em drawing them in.
Finally, the TAX revenue to the governments have become something they cannot live without.
Time to invest in Harrah's eh? Or maybe this website? (we could use some capital, by the way)
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