Black Hawk, Colo. Among Fastest-Growing Casino Markets, Closing in on $1B GGR
The heel of the spinning top commercial-grade gambling casino markets inwards terms of revenue inwards 2023 for the most part stayed the same with Las Vegas once more leading the way, but on a lean that featured little motion of note, Negro Hawk/Central City, Colo. again stood out.
Located near 35 miles west of Denver, Black person Hawk is a small town that, but Colorado’s largest gambling casino market. As metrical past revenue gaming revenue (GGR), Shirley Temple Black Hawk/Central City ranked 12th in the US last yr as GGR at that place jumped 3.1% year-over-year $923.2 million.
In the American Gaming Association’s (AGA) latterly released industry-wide update, Shirley Temple Black Hawk was the only market place to jump at least 2 spots inwards GGR terms from 2022. Chicago, The Poconos, Pa., and Lake Charles, La. to each one noted one-spot jumps.
Using revenue increases as the barometer, the 3.1% upsurge notched past the Colorado River cassino was surpassed only when President Cleveland (5%) and Wynn Resorts Encore Boston Harbor (4.1%) among ex-Las Vegas markets.
Black Hawk Becoming Force Among horse opera Casino Markets
Of the top 20 gambling casino markets by GGR, only if V are in the Western component part of the US — the Las Vegas Strip, the Boulder Strip which includes Laughlin, blackamoor Hawk/Central City, Colo., Reno and downtown Las Vegas.
A square inward the cap of Shirley Temple Hawk/Central City is that in 2023, it posted larger GGR than Reno and downtown Las Vegas while matching the 3.1% GGR growth notched by the latter.
Black Hawk’s casino market has some structural advantages, including Colorado’s fast-growing population and a policy that went into effectuate inwards 2021 that allows gaming operators to offer to a greater extent tabularize games with higher limits.
New and updated cassino hotels targeting higher stop clientele, including Monarch Casino’s namesake Black Hawk property, supporting ontogenesis there. Based on recent growing trends, blackamoor Hawk could fall in the $1 billion GGR order — 1 populated by just ix markets finally year — over the next few years and potentially come in the whirligig inwards terms of GGR.
Other Important Tidbits from AGA Survey
Making Shirley Temple Hawk’s acclivity all the more singular is that none of its cassino hotels currently rank among the pinch 20 ex-Las Vegas inward revenue terms. In fact, that name is entirely comprised of venues in the Eastern and Central clip zones.
Resorts World New House of York inward Queens reclaimed the teetotum speckle finally year, pushing MGM National Harbor inwards MD to figure II followed by Encore Hub of the Universe Harbor. MGM’s Empire City Casino in Yonkers, which along with Resorts World, is competing for a New York City cassino license, was sixth.
Three Atlantic City properties — MGM’s Borgata, Hard Rock and the Ocean — made the name helping the New island of Jersey jurisdiction rank sec past GGR behind the Las Vegas Strip. Still, the Strips 2023 GGR was to a greater extent than three-bagger that of the Nina from Carolina casinos on the Boardwalk.
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