Press Releases
Amendment 77 Helps Colorado By Keeping Revenue at Home
Tuesday, November 3, 2020 — Monarch Casino Resort Spa is very excited about the passage of Amendment 77, a change allowing Colorado’s three gaming cities to vote to increase betting limits and add new games like baccarat.
“This amendment gives local communities the keys to rev up their economic engines,” said David Farahi, Chief Operating Officer for Monarch Casino Resort Inc. (Nasdaq: MCRI).
The City of Black Hawk’s new ability to raise betting limits and add new games like baccarat grows the revenue pie for the industry, the state of Colorado, and all its funding beneficiaries, from Community Colleges to History Colorado.
In addition, Amendment 77 is expected to help boost travel and tourism jobs, increase revenues for restaurants, hotels, and casinos, which are the lifeblood of these small towns. The most important element of Amendment 77 is it helps keep gaming revenue here in Colorado instead of putting it in other state’s coffers.
Monarch Casino Resort Spa is in the final stages of building its brand-new resort, spa, and expanding its gaming space. The Monarch Casino Resort Spa is ideally positioned to offer Coloradans the benefits Amendment 77 offers.
