Global Casinos Announces Passage of Expanded Gaming and Increased Wager Limits in Black Hawk, Colo.
16 January 2009 - 5:15AM
Marketwired
Global Casinos, Inc. (OTCBB: GBCS) today announced that voters in
Black Hawk, Colo. overwhelmingly passed a measure that will boost
betting limits in the town's casinos from $5 to $100, will allow
for 24-hour operations, and will add roulette and craps to the list
of permitted games. Global's operations include the Bull Durham
Casino in Black Hawk.
Clifford L. Neuman, president, said, "We view the passage of
this measure as a very positive development for Black Hawk's gaming
industry. This should significantly enhance the town's appeal among
local and out-of-state gamblers who traditionally visit gaming
jurisdictions with higher wager limits, a wider selection of games
and longer hours of operation."
The measure passed by a margin of 54-6 and takes effect in July.
The neighboring gaming community of Central City, home of Global's
Doc Holliday Casino, is scheduled to vote on a similar measure on
Jan. 20.
About Global Casinos, Inc.
Global Casinos, Inc. owns and operates the Bull Durham Saloon
and Casino and Doc Holliday Casino, located in Colorado's limited
stakes gaming districts of Black Hawk and Central City,
respectively.
Safe Harbor Statement
Certain statements in this news release that are not historical
facts are forward-looking statements, such as statements relating
to anticipated enhancements in the Company's financial performance,
and future development or expansion activities. Such
forward-looking statements involve a number of risks and
uncertainties that may significantly affect performance and
financial results in the future and, accordingly, actual results
may differ materially from those expressed in any forward-looking
statements. Such risks and uncertainties include, but are not
limited to, those related to effects of competition, leverage and
debt service financing and refinancing efforts, general economic
conditions, changes in gaming laws or regulations (including the
legalization of gaming in various jurisdictions), risks related to
development and construction activities, as well as the other risks
detailed from time to time in the Company's SEC reports, including
the report on Form 10-KSB for the year ended June 30, 2008.
CONTACTS: Clifford L. Neuman President and CEO Global Casinos,
Inc. 303-449-2100 Geoff High Principal Pfeiffer High Investor
Relations, Inc. 303-393-7044
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