Full House Resorts of Nevada has purchased Bronco Billy’s Casino and Hotel in Cripple Creek for $30 million.
The casino developer and operator based in Spring Valley, Nevada purchased the casino and hotel on Cripple Creek’s prime “casino strip” from the Pioneer Group Inc., a privately owned company, on September 28.
The casino-hotel comprises the majority of the key city block it’s located on which accounts for most of the city’s gaming, and has ownership rights to some of the other areas on the north side of Bennett Ave in Cripple Creek, Colorado.
The casino expanded in May and increased their slot machine count by 15 percent. The property features an outdoor amphitheater, a 24-room hotel, a steakhouse, four restaurants for casual dining, 13 table games and approximately 830 video poker and slot machines. There is also approximately 2.3 acres of parking space in addition to street parking.
Full House Resorts President and CEO Daniel Lee said, “We expect that its management team will remain at the property and we look forward to welcoming them and all of the Bronco Billy’s employees to the Full House family,” according to the Denver Business Journal.
Located 44 miles southwest of Colorado Springs, Cripple Creek has offered gaming for upwards of 20 years, and is one of the three historic mining towns including Central City and Black Hawk, that comprise gaming in Colorado. Efforts to legalize gaming outside of these three towns have failed in the past. Located in the center of the state, Cripple Creek won’t be easily affected by the gaming expansion happening in neighboring states. Currently there are no state or federally-recognized Native American tribes close to Cripple Creek that could potentially offer gaming and competition.
Cripple Creek’s market saw a 2.7 percent increase in the first eight months of 2015 from the same time last year.