
Cripple Creek Celebrates 15 Years
Cripple Creek is going to be celebrating
15 years of gambling next month, but it is all small stakes. That
might be about to change for the casinos. The people who are running
the casinos think that if they were to increase the stakes they might
start making a lot more money. All Colorado casinos have a limit of $5
for betting, but they are the only state who does that.
The casinos are hoping that they might
be able to increase the amount of tourists who come to their area if
they increase the bet amount, as most of their customers right now are
locals. They say that when people come in from out of town and see
that they can only bet $5, they don’t return. They would like to see
themselves become more of a gambling destination, and believe that
they can do that with the increase.
A group from Black Hawk is trying to
change the limits, and are sure that if successful, Cripple Creek
would see a big increase in out of town gamblers. The town knows that
their table traffic would increase greatly, and say that right now
roughly 95% of their revenue comes from the slot machines, but think
that the slot machine business might drop with the increase.
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