Colorado News - Page 13

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

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.

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.

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.

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.

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

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.

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

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

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

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

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.

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

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

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

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.

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 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.