Black Hawk, Colorado - August 21, 2001 - Black
Hawk casinos were hotter than a firecracker in July, shooting to an all-time
monthly record AGP, according to figures released yesterday by the Colorado
Division of Gaming.
| The 20 casinos in Black Hawk posted
a monthly AGP (Adjusted Gross Proceeds) figure for July of over $42.9 million.
That�s up almost 7% from last July�s $40.1 million (previously the second-highest
month in history), 9% more than June�s $39.3 million, and 2
½% better than the $41.8 million in March that was the former record
high.
Even better, for industry watchers, the growth came with a slightly
reduced device base; the City had nearly 8,600 slot machines and
card tables in July 2000, fewer than 8,500 this year.
The Black Hawk surge helped the state set a new record as well;
the $62.2 |
Black Hawk Casinos Monthly
Adjusted Gross Proceeds (AGP)
in millions
July 2000
Aug
Sept.
Oct.
Nov.
Dec.
Jan. 2001
Feb.
Mar.
Apr.
May
June
July 2001
|
40.1
37.2
37.88
36.9
35
35.7
35.9
35.8
41.8
38.3
39.4
39.3
42.9 |
|
million statewide AGP bested last July�s mark of $60 million by more than
3 ½%.
Both Cripple Creek and Central City slipped in July, notching AGP figures
that were up from June�s but trailed last July�s. Cripple Creek casinos
had a July AGP of $13.4 million, down just slightly from last July�s $13.57
million but up a healthy 11.6% from June. Central City, meanwhile, brought
in $5.85 million in July; that�s up substantially from June�s disastrous
$4.5 million but still almost 7.5% below last July�s $6.3 million.
In the first month of the new tax year under Colorado�s progressive
taxation system, state tax collections were extremely modest�just over
$1.3 million, compared to almost $9.7 million in June. That�s still
up 13% from the tax collected in July, 2000; the Black Hawk casinos
paid an amazing 90% of that total. |
