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Analyst: Full House expansion to its Colorado casino a plus for the region

One gaming analyst suggested the plans by casino operator Full House Resorts to expand its casino in Cripple Creek, Colorado would not only improve the company’s standing in the state but change the entire market. In a research note published last week, Macquarie Securities gaming analyst Chad Beynon predicted Full House’s $180 million expansion and redevelopment of Bronco Billy’s Casino and Hotel, coupled with Colorado’s voter enacted gaming changes, could serve as the impetus to the state doubling its annual gaming revenues over time. “We think the proposed Cripple Creek expansion has the potential to transform the property and market, and we believe investors share our enthusiasm for the project,” Beynon wrote. Last week, Full House said it was raising $300 million in new debt to help cover the costs of the expansion, which the Las Vegas-based company increased in size and scope by 67%, including a 300-room luxury hotel ....

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