DENVER-Colorado's 43 casinos generated a record $63.6 million in net proceeds in March. That is the best month in the 11-year history of limited stakes gambling in three mountain communities of Black Hawk, Cripple Creek and Central City.
The previous monthly record was $62.2 million in last July.
One reason the industry did so well was because the Black Hawk Casino by Hyatt opened in December. It is not only the newest casino, but the largest, with more than 1,300 gaming devices. It also boasts a Wofgang Puck Express restaurant, a Starbucks and a large entertainment lounge.
Last year, March was only the fourth best month for gaming, so it may be a hot summer for the casinos.
Black Hawk's 20 casinos posted $46.9 million in net proceeds, while Cripple Creek's 18 casinos collected $12.2 million. The five casinos in Central City took in $4.5 million.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.