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How Colorado Casinos Are Doing After Amendment 50

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Pace, SalFollowing the implementation last year of Amendment 50, which allowed Colorado’s casinos to operate 24 hours a day and increase betting limits, casino revenues are notably up, points out 7News, which writes that the law, which went into effect in the last half of 2009, helped casinos reap nearly $734.6 million in adjusted gross proceeds, an increase of 2.6 percent from 2008’s $715.8 million.

Revenues were still 10 percent lower than 2007, however, a year that was untarnished by the recession or by a law banning smoking in casinos, according to the Denver Business Journal.

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Meanwhile, some state legislators, including Representative Sal Pace (pictured), a Pueblo Democrat, are taking a closer look at the state Lottery and wondering whether to ask voters if they’re willing to alter Colorado’s constitution to allow money to go toward causes other than open space, such as education, reports the Colorado Springs Independent.

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