Colo. casinos post record revenue drop
Colorado’s mountain casinos suffered their biggest monthly drop in revenue in March since the first casino opened in 1991.
Related Casino News:
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- Miss. casinos set November revenue record
- Casinos bank another record revenue year
- Another record revenue year for tribal casinos
- Illinois casinos post record month in March
- Indiana Casinos Post Revenue Increases
- Nevada Casinos Post Record Income
- Casinos have record gain
- Colo. casinos report another revenue drop
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Gambling casinos history:
- Lotteries were brought to America in the 1800s by the thousands of Chinese immigrants who worked in the mines and on the railroads.
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
- Nevada is the oldest and largest legalized gaming center in the United States. Gaming was legalized in Nevada in 1931 in the middle of the Great Depression as a form of economic stimulant.
- The El Rancho Casino & Hotel in Las Vegas was known for a few firsts. It was the first casino/resort on the Strip opening in 1941 with 63 guestrooms. It was also the first to offer a buffet. The cost of the buffet was only $1.00! The El Rancho burned down in 1960 and fortunately no one was hurt.
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