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Colorado News - Page 13

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Nevada Gold Appoints Interim General Manager

Nevada Gold & Casinos will appoint Shelly Brunn, current Director of Finance, as Interim General Manager of Colorado Grande Casino.

Colorado Grande Casino Sold

Isle of Capri Black Hawk has sold all of its shares of Colorado Grande Casino to a wholly owned subsidiary of Nevada Gold & Casinos, Inc. for $6.5 million.

Colorado Deal Deemed Illegal

News Brief: The developers of a proposed Indian casino near Denver, Colorado, negotiated ‘excessive compensation’ in a lopsided deal with the impoverished tribes the casino is supposed to help, federal Indian casino regulators say.

Colorado Governor Heads to Las Vegas

Governor Bill Owens and top members of his staff are going to Las Vegas this weekend for a conference on gambling less than two weeks after he chaired a summit in Denver on the same subject, his spokesman said Wednesday.

Colorado Officials Included in Casino Lobbying

News Brief: Gov. Bill Owens won assurances from top Indian gaming officials Wednesday that they oppose lobbying Congress to create new casino sites without involving state officials.

Casino Smoking Bans Loom for Two States

News Brief: Smoking bans being considered in New Jersey and Colorado would hurt revenue at casinos, analysts and industry lobbyists say.

Colorado Governor Holds Gambling Summit

News Brief: Governor Bill Owens, a staunch opponent of a proposed Indian casino east of Denver, is holding a Western states summit next month on Indian gambling.

Colorado Casino Revenues Up

News Brief: Colorado casinos last month raked in more than $60.1 million in adjusted gross proceeds.

Parkway Boosts Casino Business

News Brief: Central City is seeing a boost in gambling business since the Central City Parkway opened Nov. 19.

Colorado Casinos Increase Revenue

News Brief: Colorado's mountain casinos returned to their winning ways in 2004, with revenue increasing by 4 percent over 2003.

Global Casinos Restructures Debt

Global Casinos, Inc. has completed a $500,000 private debt offering.

Scientific Games Reaches Agreement with Colorado

Scientific Games Corporation and The Colorado Department of Revenue have agreed to delay the conversion date for the new online lottery system for ninety days.

Colorado Lottery Extends GTECH Lottery Contract

ECH Holdings reports that the Colorado Lottery exercised for the second time its unilateral right to extend GTECH's contract for an additional 90 days.

Ameristar Completes Acquisition of Colorado Casino

Ameristar Casinos, Inc. has completed the acquisition of Mountain High Casino in Black Hawk, Colorado.

Gaming Commission Approves Three Casino Licenses

The five-member Colorado Division of Gaming Commission has approved gambling licenses for two companies that plan to expand operations in Central City and Black Hawk.

Global Casinos Eligibile For OTCBB

Global Casinos, Inc. reports that its common stock is eligible for quotation on the OTC Bulletin Board under the symbol GBCS.

Colorado Casino Town Builds Road to Bypass Competition

News Brief: Central City celebrated the coming of a highway that will bring traffic to its casinos and bypass neighboring Black Hawk.

Colorado Casinos Revenues Up

News Brief: Colorado casinos saw overall revenues rise in October, when results were boosted by five full weekends in the month, state gaming officials said Wednesday.

Jacobs Entertainment Loss Shrinks

Jacob Entertainment reports net revenue for Q3 was $48.6 million versus $44.2 million in the third quarter of the previous year. The net loss for the third quarter of 2004 was $638,000 compared to net income of $770,000 in the third quarter of the previous year.

Majestic Star Casino Loss Decreases

Majestic Star Casino reports that for Q3, the company had a loss from continuing operations of $1.9 million compared to a loss from continuing operations of $2.2 million for the Q3 2003.

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