Colorado casino seeks bankruptcy protection
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Colorado casino seeks bankruptcy protection

Cripple Creek : CO : USA | Nov 18, 2008 at 7:23 PM PST
Source: International Business Times
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Monthly revenues for casinos in Cripple Creek have been falling compared with revenues from the previous year. Casino operators have blamed a weak economy, high gas prices that have made patrons hesitant to travel, and a smoking ban that was extended to casinos this year. FULL ARTICLE AT International Business Times
 
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  • Colo. casino operator files Ch. 11 bankruptcy

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    As gambling revenues in Colorado and nationwide continue to plummet, one operator in Cripple Creek has filed bankruptcy while another in Black Hawk is exploring its options. Imperial Gaming Corp. this week filed for Chapter 11 bankruptcy protection.
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    Bankruptcy Court protection from creditors Monday in a bid to restructure its debt and survive until higher gaming limits and new games approved by voters take effect next summer. The casino-hotel complex, which employs 55 people, will remain open.

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