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Colorado Casinos Betting On Expansion

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(credit: CBS)

(credit: CBS)

DENVER (AP) – Two casinos are preparing for grand openings next month and a third is wrapping up a major renovation amid complaints that the industry is suffering from the recession.

In May, the gaming commission authorized a 5 percent tax cut after the industry complained that revenues were hurt by the economic downturn, a smoking ban and high gas prices.

Fortune Valley Hotel & Casino in Central City will unveil a fresh look July 1. In Cripple Creek, Big Jim’s Gambling Hall and Saloon is slated to open at the old Imperial Hotel & Casino, and Sasquatch Casino will open in July in Black Hawk.

According to the Denver Post, the Colorado Limited Gaming Control Commission will review retail license applications Thursday for Big Jim’s and Sasquatch Casino in Black Hawk.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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