When Bigger is Better – A Look at Gaming Stocks

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It is the tale of two cities.

After becoming one of Colorado’s premier destinations as a result of the Pike’s Peak Gold Rush in 1859 — and losing its luster shortly thereafter, when the mines stopped producing — Central City seemed poised for a comeback when the town and several of its mountain neighbors approved limited stakes gaming in 1990.

But after generating 42.7 percent of the state’s gambling revenues in 1992, Central City contributed just 10.1 percent in 2007, while Blackhawk, located just a mile further east (but closer to Denver) garnered 70 percent.

Even a new, more direct route to the town — the aptly-named Central City Parkway, which bypasses Highway 119, a two-lane winding road that, for years, was the only paved access way — hasn’t seemed to change Central City’s fortunes……

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