Description
Current Trend Article Discussion – Colorado moves from $5.00 flat bets to unlimited gaming.
As new jurisdictions have emerged, we have seen a variety of regulatory models. From the more laissez-faire and open competition model of Nevada which was duplicated by Mississippi to very onerous models such as ones adopted in limited-license jurisdictions such as Missouri and New Jersey.
Based on the readings and your further research, what are the pros and cons of the various models that exist in the United States? And what does it say about these models when we see some jurisdictions making radical changes such as in Colorado?
LINKS:
Colorado approves Amendment 77 to increase betting limits
Chamonix Casino opens in Cripple Creek
Video of Chamonix Opening in Cripple Creek
Post Opening
Amendment 50
On July 2, 2009, Colorado casinos began to allow $100 maximum bets, offer the games of craps and roulette, and remain open 24 hours a day as the result of Amendment 50, approved by Colorado voters on Nov. 4, 2008. The amendment earmarks additional State revenues generated by the increased limits, games and hours to community colleges and the gaming towns and counties. The amendment also requires voter approval for any increase in gaming tax rates.
Prior to the implementation of Amendment 50, casinos were limited to a $5 maximum wager on slot machines, live blackjack and live poker, while being open from 8 a.m. to 2 a.m.
Let me know if you can open the external article as references.
