Colorado pushing ahead with measure to increase bet limits and offer new games

Colorado pushing ahead with measure to increase bet limits and offer new games

In November this year, Colorado voters are expected to face a ballot measure that could increase bet limits and authorize casinos across the state to offer new games from next year.

Local Choice Colorado, a campaign that is working tirelessly to put the measure on the ballot this November for voters to decide whether the changes should be made or not, has claimed that it has already submitted more than 200,000 voter signatures to the office of Colorado Secretary of State Jena Griswold. Now, the signatures will be scrutinized by the concerned authorities to confirm their validity. A minimum of 124,632 signatures must be verified by the Secretary of State’s office to place the measure on the November ballot.

The proposed changes would take place in gaming venues in three towns of the state, namely Cripple Creek, Black Hawk and Central City.

If Secretary of State’s office verifies that the minimum required number of signatures have been obtained, voters would be provided with a chance during the presidential election to decided whether they wish to give up their legal input on continuing casino matters, and as a substitute allow the voters in the three aforementioned towns to decide. If the measure gets a supermajority vote, residents in three towns would decide whether to increase betting limits and allow the casinos to offer more games, such as baccarat.

David Farahi, chief executive of Black Hawk-based Monarch Casino & Resort, said that higher betting limits would help the state’s money to remain in the state by attracting new betting enthusiasts who otherwise would venture to neighboring states like Nevada.

Welcoming the measure, Farahi said, “Higher limits could attract new players who otherwise would venture to Nevada for high-limit games. By no stretch of the imagination are we thinking that everyone is going to stop going to Las Vegas. But if we can get some portion of those people to stay and play in Colorado, it benefits the whole state.”

While Cripple Creek is roughly an hour’s drive west of Colorado Springs, the towns of central City and Black Hawk are located around 35 miles west of the City of Denver. The state legalized gambling facilities in the three towns in 1991. Formerly known for gold mining, today these towns are home to dozens of casinos. The Ameristar casino in Black Hawk, for instance, offers 1,250 slots, 40 table games and a poker room.