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October 13, 2008

Amendment 50 will change the current gaming laws in Gilpin, and Teller County. The new amendment will increase gaming limits on single bets from $5 to $100. Roulette and/or craps will be allowed. It will also extend the hours that the casinos are open. As of now, casinos must close between 2:00 AM and 8:00 AM. With the passing of Amendment 50, each town that that the casinos are in will be allowed to vote on if they will allow the current changes.

The existing casino law distributes the casino's gaming income to the enforcement of gaming laws, the cities and counties the casinos are in, and statewide historic and restoration projects, tourism and economic programs, energy efficiency projects, and highway projects.

If amendment 50 passes, the funds will be distributed in a new way. Most of the money will go to Colorado colleges. Gilpin and Teller Counties will also receive a portion to address gaming impacts.

Currently Colorado has the strictest gaming rules in the country. If the measure passes, voters will have the right to decide what is best for their communities. Revenue will increase to the community colleges without increasing tax dollars. Community colleges help provide affordable education thus helping Coloradans in obtaining economic opportunities.

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