Posted: Nov 6, 2011 10:19 AM by Dr. Anya Winslow
CRIPPLE CREEK, Colo. (AP) - Cripple Creek marked 20 years of legal gambling last month, but the anniversary was muted. The historic mining town doesn't have much to celebrate as its gaming industry faces an uncertain future.
The Gazette reports that the recession has hit the gambling business hard. And there are new worries about tax changes being considered by the state gaming commission.
The commission is thinking about removing a loophole in the casino tax structure that allows one owner to operate up to three licenses in adjacent buildings. Because the state's gaming tax is graduated, dividing operations into smaller pieces can qualify operators for a lower rate.
The gaming commission discussed the issue in October, but delayed a decision to its next meeting, scheduled for Nov. 17 in Central City.
(Copyright 2011 by The Associated Press. All Rights Reserved.)