There is a strong sentiment around the country that economic hard times brings more problem gambling. Experts will claim that people try and get financial freedom by gambling, but revenue figures from casinos around the country do not support this claim.
However, the Colorado revenues saw a subtle rise from gaming sources last July and August from the accomplishment of looser gambling restrictions at state casinos. But for now, a jump in problem gambling forecast by some gambling rivals go on the blink to materialize.
In the month of July, the income of three casinos in Colorado attained $76.2 million after its minimum bet by adding an online casino games such as roulette and craps and authorizing a 24/7 operation. However, in the month of August, it falls off into $69.2 million.
The Black Hawk, that consists of 20 casinos had a record $54.4 million in July adjusted gross proceeds (AGP), up 19.11 percent from $45.7 million in July 2008.
The Cripple Creek with 16 casinos reported a $15 million in AGP for July which resulted being the third-best month ever for the town’s casinos — up 8.8 percent from $13.8 million in the prior-year month. Revenues rose 26.1 percent from $11.9 million in June.
The Central City with 6 casinos generated a $6.6 million in July revenues, up 9.2 percent from $6 million for the same month of 2009. Last month’s AGP increased 29 percent from $5.1 million in June.
Its history back when in the month of February 2008, the revenue was $715.8 million in 2008, down from $816.1 million in 2007.
Gambling revenue is calculated by the division as adjusted gross proceeds, which is the amount wagered by bettors less payouts by casinos.
AGP does not include non-gambling revenue sources, such as food and beverages. The gaming-division figures do not include the state’s tribal casinos.
Most of the state's share of revenue from the enhanced gambling is to support Colorado community.
According to the Center for Dependency, Addiction, and Rehabilitation, they initiated an increase and expecting in problem gambling-related several phone calls never took place. But in some manner, the executive director of the center, Franklin Lisnow, sees the good news as not so good.
The recession, contrary to what many believe to be true, is causing less gambling in the US, not more.
However, the Colorado revenues saw a subtle rise from gaming sources last July and August from the accomplishment of looser gambling restrictions at state casinos. But for now, a jump in problem gambling forecast by some gambling rivals go on the blink to materialize.
In the month of July, the income of three casinos in Colorado attained $76.2 million after its minimum bet by adding an online casino games such as roulette and craps and authorizing a 24/7 operation. However, in the month of August, it falls off into $69.2 million.
The Black Hawk, that consists of 20 casinos had a record $54.4 million in July adjusted gross proceeds (AGP), up 19.11 percent from $45.7 million in July 2008.
The Cripple Creek with 16 casinos reported a $15 million in AGP for July which resulted being the third-best month ever for the town’s casinos — up 8.8 percent from $13.8 million in the prior-year month. Revenues rose 26.1 percent from $11.9 million in June.
The Central City with 6 casinos generated a $6.6 million in July revenues, up 9.2 percent from $6 million for the same month of 2009. Last month’s AGP increased 29 percent from $5.1 million in June.
Its history back when in the month of February 2008, the revenue was $715.8 million in 2008, down from $816.1 million in 2007.
Gambling revenue is calculated by the division as adjusted gross proceeds, which is the amount wagered by bettors less payouts by casinos.
AGP does not include non-gambling revenue sources, such as food and beverages. The gaming-division figures do not include the state’s tribal casinos.
Most of the state's share of revenue from the enhanced gambling is to support Colorado community.
According to the Center for Dependency, Addiction, and Rehabilitation, they initiated an increase and expecting in problem gambling-related several phone calls never took place. But in some manner, the executive director of the center, Franklin Lisnow, sees the good news as not so good.
The recession, contrary to what many believe to be true, is causing less gambling in the US, not more.
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