October Casino Revenues
FOR IMMEDIATE RELEASE
October 19, 2009
Contact: Don Burmania
Phone: (303) 205-1334
LAKEWOOD - Colorado casinos enjoyed their fourth month of increased revenues as the result of Amendment 50. Casinos statewide reported $61.7 million in adjusted gross proceeds (AGP) in October, up 9.7 percent from $56.3 million in October 2008, but down 2.6 percent from $63.4 million in September. For the first four months since the implementation of Amendment 50, casino revenues are up 8.6 percent over the same period in 2008. AGP is most simply defined as the amount wagered by bettors less payouts from casinos.
Black Hawk's 18 casinos fueled the increase in October, generating $45.4 million in AGP during the month, up 15.3 percent from $39.4 million in October 2008 and up 1.3 percent from $44.9 million in September. Cripple Creek's 16 casinos totaled $11.1 million in AGP in October, down 4.2 from $11.6 million the previous October and down 13.1 percent from $12.8 million in September. Central City's six casinos produced $5.1 million in AGP in October, down 1.4 percent from $5.2 million in October 2008 and down 9.7 percent from $5.7 million the previous month.
Casinos statewide paid $8.6 million in gaming tax proceeds in October, up from $7.4 million in September.