SEARCH NEWS:

 

Colorado Split Over Video Gambling

COMMERCE CITY, Colorado – As reported by the Associated Press: "…Voters will decide Nov. 4 whether to allow the video games at tracks, a high-stakes proposal that pits track owners against the limited-stakes gambling industry in three mountain towns.

"Wembley Colorado, owner of four of the five tracks, has poured $10 million into promoting the initiative, saying it would funnel $25 million into tourism, parks and open space.

"…Casino owners see it as a threat to business, figuring many residents would visit tracks along the Front Range instead of traveling to their towns to gamble.

"…Under Amendment 33, the Colorado Lottery Commission would be allowed to install 500 video lottery terminals at each track and in the gambling towns of Black Hawk, Central City and Cripple Creek. It would be limited only to currently licensed tracks.

"…Lawmakers have been divided by the issue. Some believe it will create jobs to help the state's struggling economy while others believe it is just an effort to expand gambling…"

< Gaming News