Ban Damage: CO More Ban Damage
62 lose jobs as the Wild Horse Casino closes down
October 31, 2008
ANDREW WINEKE, THE GAZETTE
The worst year in history for Colorado casinos claimed its first victim Friday, when the Wild Horse Casino in Cripple Creek closed its doors, putting 62 employees out of work.
Revenues for casinos in Cripple Creek, along with Colorado’s other gaming towns, have fallen every month this year. In September, Cripple Creek gaming revenues fell 10.3 percent to $12.8 million compared to the same month in 2007, according to the state Division of Gaming. Statewide, gaming revenue was off 18.7 percent in September and 11.4 percent for the year to date.
Many casinos are counting on Amendment 50, which would raise stakes for table games and add new games, to turn around their fortunes. Wild Horse general manager Todd Fred said he thinks the amendment will pass but said it would be too late for his casino.
“Even if it passes, it won’t have an effect on us until July (2009),” Fred said. “We just weren’t able to wait until July.”
Casino owners blame the combination of the smoking ban, which was extended to casinos this year, the economy and high gas prices for the slowdown.
Other casino managers said the Wild Horse’s closing is sad, but it wasn’t a shock.
“It’s unfortunate, but the way the market has been it’s not surprising,” said Eric Rose, general manager of the Colorado Grande Casino. “They hadn’t been doing well for a while.”
“I think (the owners) just got fed up with losing money,” said David Minter, general manager of Johnny Nolon’s Casino.
Business at Cripple Creek casinos has been down less than at Black Hawk and Central City, but much of that is due to the opening of the new Wildwood Casino at the entrance of town, which has split a diminishing take between more slot machines than ever before.
The Wild Horse opened in 2004 and had 258 slot machines, according to the Division of Gaming.
The Wild Horse’s Web site said employees could pick up their final paycheck Friday night and that information for customers would be posted on the Web site, www.thewildhorsecasino.com, soon.
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By Lance Vaillancourt Colorado Daily Staff
December 19, 2006
Mom and Pop taverns, and pubs are closing daily and this is yet one more to add to the ever growing list of closures caused by this seriously flawed law ( the clean indoor air act), many of these neighborhood pubs and taverns have been passed down to sons and daughters for generations. These privately owned and operated small businesses have provided owners and employees with a honest livelihood and retirement security and patrons with a place where they could meet and enjoy the fruits of their labor in the company of good hard working friends. You said you wanted to see proof of economic harm.. It shouldn’t be hard to find, it’s all around you.
That tyranny is exactly what our forefathers fled when they came to what they then called the new world, which we now call the United States of America. Have we forgotten why the Declaration of Independence was written and why so many have died defending the freedom it speaks to. Are not the rights and freedoms granted and guaranteed by The Constitution of the United States of America sacred to us? Why then do we allow them to be trifled with by those who think they know better how we should live our lives than we do? The truth is this law ,as it is presently written, is a prime example of a majority suppressing a minority and that, my fellow Americans, puts us just one short step away from the loss of all of our rights and freedoms and the creation of nothing less than a new tyranny. I will close this letter by giving you two thoughts from one of the greatest thinkers of our times and I ask that you really think about what they say.
The price of freedom is eternal vigilance.
Enacting a law not knowing it’s consequences is the folly of tyrants.
Shari Warren & Allen Campbell
JIM BAINBRIDGE
