Colorado Casino Resorts to open the Double Eagle Casino on Aug. 22; revenues anticipated to exceed $50 million.COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--Aug. 19, 1996-- Colorado Casino Resorts Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCRI CCRI Community College of Rhode Island CCRI California Civil Rights Initiative CCRI Central Cotton Research Institute (Pakistan) CCRI Columbus Children's Research Institute CCRi Children's Clinical Research Institute ) announced Monday its planned opening of the Double Eagle Casino on Aug. 22. The Double Eagle, the largest hotel and casino in Cripple Creek Cripple Creek, village (1990 pop. 584), alt. 9,375 ft (2,858 m), seat of Teller co., central Colo.; inc. 1892. Primarily a summer resort, it was once a gold-mining boomtown. , and one of the largest in the state, is projecting anticipated revenues in fiscal year 1997 of $50 million and anticipates EBIDA EBIDA Earnings Before Interest, Depreciation And Amortization EBIDA Earnings Before Income taxes Depreciation and Amortization (earnings before interest depreciation and amortization) of 35%. The combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
Revenues in Cripple Creek for the first three quarters of the 1996 State of Colorado Gaming year, which ends each September, exceeded $70 million. Historically, the majority of state gaming revenues are generated during the last six months of the gaming year. The Double Eagle's 159 room hotel and Lombard's restaurant have been operating to capacity since opening July 26. The hotel has been running at over 90% occupancy weekdays and 100% on the weekends. Future bookings remain constant. The 45,000 square foot casino features 750 slot machines, five black jack tables and is the company's second operating casino in Cripple Creek. Colorado Casino also owns and operates Creekers Casino on Bennett Avenue in Cripple Creek. For further information contact: FMMG INC., 407/487-2622, 407/852-4561 (fax). CONTACT: Colorado Casino Resorts Inc., Colorado Springs Fran Dragone, 719/635-7047 |
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