Aug. 23 at 4:38 AM
$FLL Part 1
The state of Colorado released some interesting information on the Cripple Creek market for 2024 with comparisons to 2023. The figures are the states. The percentages and interpretations are mine. It basically confirms my hypothesis that there is no high end market to go after in Cripple Creek. And any pursuit of such will cost more than its worth.
2024 Cripple Creek Gaming revenue increase from 164.6 million to 183.2 million or 11.3%. F & B increased form 16.6 million to 21.5 or 29.1%. However, promo allowances increased 71.8% from 13.1 million to 22.4 million. Net revenues increased 8% from 200.5 million to 216.4 million. Operating expenses increased from 154.5 to 185.8 million. Or in otherwise for every
$1 in Net Revenues the casinos produced it cost them
$1.96 in expenses.
