COLORADO GAMING ASSOCIATION RESPONSE TO MAY GAMING STATISTICS

Colorado Gaming Association Executive Director Lois Rice made the following comments in response to “Colorado State Gaming Statistics, May 2009,” released today by the Colorado Division of Gaming:

“Adjusted Gross Proceeds (AGP) for Colorado’s casinos increased from April to May, but continue to lag behind where they were this time last year. While at least some of this increase can be attributed to improving weather, we hope it also represents a renewed interest in gaming as a result of the voter-approved changes that will take effect on July 2nd.”

  

‘Adjusted Gross Proceeds’ represents casinos gross profits minus winnings. According to the Division’s data, May 2009 AGP was approximately $62.3 million, compared to April AGP of $51.6 million. Colorado’s mountain casinos paid almost $11 million in gaming taxes in May up from the $8.9 million paid in April.

On July 2nd, the bet limit at Colorado casinos will go up to $100, many of the casinos will begin operating 24-hours-a-day and the games of craps and roulette will be introduced. Colorado’s community colleges will be the primary beneficiary of increased revenues generated by these changes.

   

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