Century Casinos $CNTY Primary Research
Prio Brief (#0) On-site honest review of a few casinos we visited in Colorado
When people hear āfull-timeā investor, they often think weāre just staring at tickers or chasing whisper stocks and rumors. Honestly, I get the skepticismā¦ thereās a lot of noise out there.
But there is a massive difference between gambling on a hunch and doing the actual work. To show you what our primary research process looks like in practice, weāre opening up our Colorado update on Century Casinos ($CNTY) for everyone to read.
None of the following should be construed as investment advice. Please consult a financial advisor before making any investment decision. You will find a full disclaimer at the end of this post.
Here is the previous update on CNTY:
And the Century Casinos thesis:
Briefing
Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
ā Warren Buffett
This read includes all the elements stock pickers should look for before making an investment decision. Itās built primarily on tangible, verified, and cross-checked insights into the operations and the people behind the business.
Weāve organized our findings into the following sections:
Key Takeaways
Context: Gambling in Colorado, USA
Cripple Creek Review
Central City Review
Competitive Landscape
Additional Risks
Each section is enriched with direct, on-the-ground commentary from customers, suppliers, employees, competitors, and/or management. These real-world perspectives add depth and color you simply canāt get from a 10-K or any other filing.
None of the following should be construed as investment advice. Please consult a financial advisor before making any investment decision. You will find a full disclaimer at the end of this post.
Note:Ā The untagged photos included were either taken by my associate or me.
Our recent travels took us across the western, southwestern, and midwestern United States, including stops in Nevada, Arizona, New Mexico, Colorado, and Nebraska. Along the way, we met with several companies on-site.
One of the highlights was our visit to Century Casinos, where we toured their two legacy properties in Central City and Cripple Creek, Colorado, as well as their newer acquisition in SparksāReno, Nevada (The Nugget).
For this commentary, weāll focus on the operations in Colorado, which we believe offer the most transparent window into how founders Erwin Haitzmann and Peter Hoetzinger envision and manage casino assets. Notably, Cripple Creek was their very first acquisition back in 1996, followed by Central City in 2006, marking almost three decades of operational history in Colorado.
Both properties serve as templates for Century's newer operations. While other locations may balance revenue growth with expense discipline, these legacy establishments are distinctly optimized for cost control. They function more as steady cash cows than growth engines, enabling more aggressive expansion elsewhere.
I am optimistic about the future of our Colorado operations, and see opportuities to achieve efficiencies ad more cst cotrol to susta our financial performance and cash flow.
ā Ahmad Ahmad, Vice President of Operations and GM of Colorado
At both facilities, we spoke with several dozen staff members and patrons (regular clients), at least the ones willing to chat. We took a qualitative pulse on the overall guest experience, including food, beverage service š, and hotel accommodations.
One of our associates, who previously ran a series of rural cottages in northern Canada, came fully equipped with his hospitality checklist and meticulously assessed cleanliness and room quality.
Traveling and partnering with people like him makes this work not only more effective but infinitely more enjoyable. So hereās a heartfelt shoutout to you, brother ā¤ļø thanks for raising the bar.
Gambling in Colorado, USA
Letās start with the vibe check. The US is basically 50 rulebooks stitched together, each state doing its own thing. Thatās why you can grab a .50 cal sniper rifle in Nevada like youāre grabbing groceries. Wild. ššš
Colorado is a great example of how a state can allow gambling, but on its own very quirky terms. Below is a summary of some of the more distinctive regulatory features we encountered:
Back in 1991, when limited-stakes gambling was first legalized, Colorado capped bets at just $5, mainly to keep things ālow-stakesā and preserve the charm of its old mining towns. That limit was bumped up to $100 in 2009 (thanks to Amendment 50), and then scrapped entirely in 2021 with Amendment 77, which let casinos set their very own limits
For years, casinos had to shut down between 2 AM and 8 AM, which made for some strange nights. That rule also disappeared in 2009, and now most casinos run 24/7
Craps and roulette were banned until 2021. Only slot machines, blackjack, and poker were allowed. Once Amendment 77 passed, all that finally changed
Some rules were justā¦ weird. In 2010, the town of Black Hawk tried to ban bicycles from its streets to improve traffic for casinos. The state Supreme Court eventually stepped in and overturned that one
And when it came to casino buildings themselves, early laws only allowed casinos to use 35% of a buildingās footprint, and you couldnāt just build a new place for a casino. These rules have loosened up over time, but they still influence the old-town vibe
The most important piece of legislation is that gambling in Colorado is restricted to just three small historic towns: Cripple Creek, Central City, and Black Hawk (plus federally recognized tribal territories).
These towns were on their way to becoming ghost towns until gambling gave them a second life. Now they feel like little time capsules, with poker tables tucked inside old 1800s buildings and casino money helping keep the history alive.
Itās like walking through a movie set: Western-style facades, dusty charm, and the kind of vibe that makes you wonder if a cowboy shootout might break out around the corner.
Take, for example, Cripple Creek. Once part of the legendary Gold Belt, booming as a mining hub in the 1890s, but these days, a stroll through town reveals a curious mix: retirees, miners, the occasional motorcycle club or street gang, and sporadicallyā¦ a Porsche.
Both towns carry a gloomy, almost haunted auraā¦ likely the result of immense wealth flowing through pockets of visible decay. It feels like prime real estate for mob activity, and indeed, safety scores reflect that unease. That said, the sample size behind those scores isnāt ideal, so take them with a grain of salt.
We went out at night and chatted with locals. Everything felt perfectly calm on the surface. Still, you got the sense that a late-night poker game could easily turn tense in either town.
From what we observed, the population seemed to fall into three main groups:
Elderly retirees (65+) ā by far the dominant group. They made up the bulk of both the clientele and staff at the casinos. Many appeared to be middle-class folks with time on their hands and a bit of spending money, a few bused in for the day
Young locals (<23) ā born and raised in town, often working part-time or hanging around familiar spots
Younger out-of-staters (<35) ā A smaller group, often with family ties or local roots, seemed to be in town to explore, unwind, or reconnect. This included shift workers, like miners from SSR, who typically earn high wages in exchange for high-risk roles and enjoy multi-day breaks between rotations
The demographic appeared to be predominantly white and culturally conservative, with strong Christian influences. Along the way, we passed numerous churches, some of which bore symbols and messaging that hinted at moreā¦ nationalist ideologies.
We were onsite from Saturday through Monday, so naturally, our sample has its limitations. Still, the pattern was fairly consistent across both towns.
Buses play a surprisingly critical role in the local ecosystem. CNTY even co-finances a dedicated line from Denver and Colorado Springs (major population hub), directly to Central City and Cripple Creek.
They also support the shuttle service that transports visitors between Central City and Black Hawk, highlighting the importance of transportation in sustaining foot traffic in these remote casino towns.
A recurring theme among groups two and three (the younger crowd) was a shared sentiment: there just isnāt much to do in these towns. Boredom came up often in conversations, especially among those who had grown up there or recently moved in with hopes of something more dynamic.
I basically work 8 hours and play videogames the other 8, there isnāt much else to do around here.
ā CNTY Cripple Creek employee
Even though the vibe strongly hinted at issues like drug use or homelessness, we didnāt actually see much of that firsthand.
That said, a few locals confirmed that some buses do bring in homeless individuals who try to take advantage of the amenities, like complimentary drinks at CNTY or ultra-cheap (sometimes free) rooms at Chamonix, one of the competitors (more on these guys later).
Sometimes they (the homeless) pop in and use the facilities. Thereās a rule that as long as youāre playing, you get free drinks. If they start pushing it or abusing the system, weāve gotta kick them out. Happens every now and then.
ā CNTY Cripple Creek employee
The housing market is largely dominated by the mining and casino industries. Most employees receive full accommodation as part of their package, which seems almost essential when trying to attract talent to these remote towns.
The towns had a handful of bars we may or may not have checked out late at night š¤·.
The atmosphere in these was decent, low-key, and dimly lit, but people definitely kept to themselves.
Even the hostesses, who youād expect to be friendly for tips, came off a bit skittish. We probably looked (and acted) like out-of-towners, which mightāve explained the cold reception.
Many competing casinos were shut down or visibly decaying. Smaller or older operations that failed to keep pace.
Both security guards and locals we spoke with confirmed the same thing: the town is going through a rough economic patch.
This place just isnāt what it used to be. Weāve seen a bunch of them (casinos) shut down over the years.
ā Gaming enthusiast (60+) from Colorado Springs, visiting Cripple Creek
That said, there is quite a bit of rotation happening; newer gaming establishments have popped up in recent years. Weāll dive into that a bit more later, including a few nuggets from our chat with Ahmad.
Our overall impression is mixed. Competition felt pretty lopsided. Cripple Creek looked stuck in the past, with outdated machines and aging facilities making it very easy for CNTY to stand out. Central City, on the other hand, has some heavy hitters just down the road (in Blackhawk), running slick, modern operations that put the old-school joints to shame.
And one final note: we couldnāt find a single $1 blackjack table. I donāt play games I canāt win, so letās just say my āproduct testingā was minimal š .
That said, we did notice one big plus: the odds felt far more favorable than what you'd find in Las Vegas. Whether it was actual wins or just the illusion of them, that "winning feeling" was definitely alive and well inside CNTYās properties.
$CNTY Cripple Creek
We spent two days in Cripple Creek, even stayed a night at CNTYās hotel to get the full experience. We probably thought we were being low-key, but letās be honest, we were pegged as outsiders within minutes. Mainly because we actually used the systems with ease.
Also, pro tip: donāt ditch the wristband five minutes after getting it unless you enjoy getting asked for ID repeatedlyā¦ which I did š .
The place was surprisingly busy. We stayed over Sunday night into Monday, and there were barely any empty rooms. Then again, with only 21 rooms total, it doesnāt take much to fill the place up.
The moment we checked in, we were handed ID cards, a clever tool for tracking player activity and engagement. CNTY runs this under its promotional arm, the Winnerās Zone, which is less about giveaways and more about plugging into a fully modernized data analytics system.
You use the card for everything: slot it into machines, swipe it at restaurants, etc. It pretty much follows you everywhere. And the result is quasi-perfect tracking of customer behavior, wrapped in the friendly packaging of a loyalty program.
The card also contained additional perks that werenāt bad either: free breakfast, 50% off your first meal, and a $10 gaming credit (or $15 if you downloaded the app). Smart incentives to keep you in the ecosystem.
Q: There seems to be a lot of incentives. The first time we ate at the restaurant, we had a 50 % discount. Breakfast was on the key card. You have the whole program, know, the loyalty winner zone.
It seems like you purposely give the appearance of someone who's been there for one day is going to make money. Is that done on purpose? Is that the sort of feeling you want?
Ahmad: Yes, so the breakfast you already paid for it when you paid for your hotel room. So that's included. And when you book you have the option of not adding breakfast in there.
And then the loyalty incentives is important. And, in a way, the investment is as small as like for example first time signups or App participation. I mean, the $10 in free slot play makes sure that you're an active participant with our app.
Q: Excuse me, I don't mean this in a bad way, but do they work? Can you actualy track it?
Ahmad: Yes. Well, of course I can track it by carded, non-carded play, for example. And we see growth with these incentives.
Q: Is it like gonna make up, first day loss, second day break even, third day profit? Or does it follow an exponential path?
Ahmad: In many cases it's like that when you look at it holistically. can look at your rated play activities on the casino floor versus not rated play. We look at our return on investment at the end of the day anyway.
So regardless of what you do from incentives perspective, or giveaways, or free slot play, or direct mail loyalty program incentives. All this stuff we tabulate and calculate and make sure that we're in a clear and a profitable position.
We didnāt see competitors doing anything similar, especially the smaller operators, who seemed to have little to no tracking in place. Non-CNTY establishments felt more old-school and reactive, with minimal focus on data or player engagement.
The staff was incredibly kind and welcoming. They, notably, seemed genuinely happy with their situation. We spoke with a few employees about pay, but out of respect for their requests, we wonāt publish exact figures.
What we can say is that wages were competitive, though thereās clear upward pressure: new casinos entering the area have been offering CNTY staff raises to jump ship and fill their rosters quickly.
A few standout observations from the visit:
Free booze was flowing across three bars on different gaming levels. Most guests had to get up to grab their drinks, with minimal floor service. We noticed people still tipping the bartenders afterward.
Lighting was noticeably dimmer than in any other establishment we visited, perhaps intentionally moody.
No table games or even signs of them, which felt like a strategic choice.
Accessibility was an issue. The layout spanned multiple levels, featuring staircases, which may have made it challenging for those with mobility challenges to navigate.
Hotel Specs
Hereās what popped up a few days before our trip to the property. Not sure if our search feed was biased (we used incognito mode on Google Hotels), but these were the offers we saw for our stay in Cripple Creek.
On the lodging side, feedback was largely positive, both online and in person. We even ran into a few repeat guests, who spoke highly of the place.
The rooms were spacious, well laid out, and offered more than you'd expect at this price point. None of that Vegas-style fine print BS with surprise āresortā or āgamingā fees tacked on at checkout.
We took plenty of photos and videos during our stay. Hereās a look at the standard room:
And hereās a suite:
Note: Our video tour of the suite doesnāt show the full kitchen, which is located just to the right of the fireplaceāit was surprisingly spacious and well-equipped for a property of this kind.
As for our roomā¦
Cleanliness was generally satisfactory, although we did notice a few items out of place. Nothing major, but not spotless either.
The beds were basic, built on simple boards, and paired with some standard IKEA-style furniture. Functional, but definitely on the budget side.
One small but telling detail: there was a sharps disposal container for insulin needles, a quiet reminder of the older demographic that makes up much of the guest base.
$CNTY Central City
Our experience in Central City was notably different. For starters, we had a formal meeting scheduled with Ahmad Ahmad, CNTYās Head of Operations in Colorado and former General Manager of The Gap Casino in Maryland.
So yeahā¦ they definitely knew we were coming.
The overall landscape in Central City felt distinctly different, shaped largely by two key geographic factors.
First and most importantly, Central City and Black Hawk are essentially one continuous town, separated by just a few miles. This proximity creates intense competition between operators, especially given the small population and shared visitor base.
Second, the town itself is built into a slope, like many classic mining towns. As a result, itās naturally split into east and west sides. On the west side, Century Casino dominates, with rooms priced around ā¬87. The east side is anchored by properties like the Red Lion Hotelās Grand Z, which was listed at around ā¬63 on the map.
The layout alone shapes everything, as foot traffic pretty much defines where players choose to spend their money.
During our stay, room rates at CNTY hovered around ā¬85ā95, while the Grand Z was aggressively priced at just ā¬39. According to management, this kind of deep discounting is standard practice to lure traffic to the eastern side of town.
CNTYās leadership, however, was adamant: they refuse to take part in that race to the bottom. Their focus is on value and experience, rather than undercutting prices.
The casino floor was mainly on a single level, with stair access leading up to the 26 boutique-style hotel rooms (very similar to Cripple Creek) and what used to be a live table area, now repurposed for virtual tables.
There was complimentary parking (shared with the rest of the cityās businesses), and on the lower level, a surprisingly nice canteen accessible via an automatic escalator.
This time, instead of touring guest rooms, we were shown the inner workings of the operation. As we made our way to the conference room, we passed through internal corridors and office areas that were bustling with staff.
Itās always nice to get a rare behind-the-scenes look.
I don't know if you know that, we did a few management changes here as well, recently, as recent and as February. So now I'm overseeing both properties directly. Cripple Creek is a little bit more stabilized, however, I treat Colorado as one.
I call it: One Colorado.
ā Ahmad Ahmad, Vice President of Operations and GM of Colorado
According to Ahmad, Central City is currently his main focus, as operations in Cripple Creek are more stable and require less hands-on attention. While he still oversees and regularly visits both locations weekly, heās based in or near Central City. His wife and two nearly grown children are still in Maryland, but heās hoping to bring them over soon.
Q: I'm going to jump between Central City and Cripple Creek (through this conversation). Don't know where you are most of the timeā¦ whether you rotate between the two, whether you're at a central location, how ofter usually visit each one, etc. What are the differences between the two (properties)?
Ahmad: I have a temporary residence place in Cripple Creek. I arrived there, but because of our senior operation, now I'm spending almost equal time, if not more in Central City than in Cripple Creek. I don't have a place in this area yet.
Q: Oh, so you have to drive back.
Ahmad: No, no I stay at the hotel or other hotels for the time being but my plan is to have a satellite stay at an apartment or something until such time that the family is settled somewhere between the two.
[Heās talking about Colorado Springs or Denver]
We both agreed on the importance of execution, especially when it comes to smaller operations. This may seem like a small feat, but it tells you a lot about alignment.
Ahmad: If things continue in that same direction, positive direction, and things are going well, we'll probably make a move within a year or so. I didn't know that that was all going to be about me.
Q: It's not about you, it's about how you act. The craziest examples of failures I've seen (in companies) is when people go through like very tough divorces and very personal stuff that is supposed to not be related to the business, but it completely changes everything. And when your operations are not as massive, you know, we're not MGM. And I say we, because I feel like part of the company.
Ahmad: Of course you are.
Q: But we're not the massive endeavor, that makes it so much more important that the people execute. The individual contribution from the people is gonna have a massive impact. If your state of mind is not clear, that will have an impact. It's inevitable. That's the only reason I'm asking. There's no other intention.
Ahmad: I'm in agreement.
Ahmad didnāt go into great detail, but his current strategy appears to be focused on cost control and capturing low-hanging operational improvements, letās call it aā¦ pragmatic approach likely aimed at tightening margins without compromising the guest experience.
Ahmad: And at no time do we intend to fix what's not broken. You know what I mean by that?
We're not fixing anything that's not broken. But as we find efficiencies, 100 % by all means, we'll take advantage of them. And you have to also respond to the economic conditions, as you know. So when the cost of doing business increases on you, you have to find ways to mitigate that.
Q: How are you responding to egg prices?
Ahmad: Gosh, tell me it. To tell you the truth, I mean, it's crazy, isn't it? It's ridiculous, but guess what? The price of breakfast increased a little bit. You have to pass it on to the customer. Of course. I mean, even IHOP increased surcharge for eggs 50 cents or something. It's crazy.
Q: It's ridiculous
Competition
Cripple Creek
Cripple Creek remained a relatively uncongested market, with just two other major operators, each differentiated by their unique strengths
š“ The Brass Ass Casino
As Cripple Creek's oldest casino, the Brass Ass Casino offers a blend of historic charm and modern gaming. Housed in one of the city's most historic buildings, it retains an Old West ambiance while providing contemporary gaming experiences.
The casino features over 200 slot and video poker machines, including the city's largest selection of nickel slots.
Unlike other casinos around (including CNNTY), they offered table games including Blackjack (not $1 š), High Five Poker, Craps, Roulette, and 3-Card Poker. Dinner at The Minerās Pick was not very good, but then again, itās all casino food.
Opened in 2024, the Chamonix Casino Hotel brings a touch of European luxury to Cripple Creek. With 300 high-end guest rooms and suites, it offers a Vegas-quality gaming experience in the Rockies. The casino has 230 slot machines and 10 gaming tables and is the largest operator in town by a stretch.
Unlike in other casinos across the street guests have a bigillion perks in the form of amenities like a rooftop heated pool, full-service spa and salon, fitness center, and multiple dining options, including fine dining and casual eateries.
The complex is owned and operated by Las Vegas-based Full House Resorts.
Q: The Chamonix seems to be very, very new as well. Does the hotel there add to you guys' bottom line or top line?
Ahmad: Brand spanking new. The hotel annoys me because they give rooms for free a lot. [ā¦] The traffic is helped. If you look at the numbers, we got more traffic in 2024 because of them to our casino. And mind you, their hotel is almost 300 rooms. Ours is small.
[ā¦]
Ahmad: So, what I say annoying me is that because you have an option to get a room for free for doing nothing across the street, would you pay cash?
Q: Well there was a lot of amenities. They had a really nice pool upstairsā¦ a heated pool.
Ahmad: Yeah, yeah. But no, actually they contributed to our volumes positively.
When asked about local competitors, Ahmad focused his comments on the influx of new entrants to the area.
And obviously in Cripple Creek, Full House (Chamonix) comes to mind because they're a new player in the market. It's someone that you watch, obviously, and see what the impact is like. But so far their impact has been positive.
ā Ahmad Ahmad
He approached new market entrants with caution and a healthy dose of skepticism, citing concerns around their limited understanding of the local landscape, employee poaching, and predatory pricing practices like below-cost selling, issues he noted were prevalent across the entire state
Central City
The main source of competition here was the Grand Z, not so much for their facilities, but for their unfortunate location
Ahmad: And more peopleā¦ because of the traffic. And then the Grand Z is another. Because it anchors the town on the other side. And also they have a good number of hotel rooms, close to 200 plus or so. So when they play with the hotel room rates and stuff, it's something to keep an eye on. But do I wish demise on any of them? No, I mean, you know.
Q: I actually looked at that and they had some crazy price like 39 bucks or something like that. Probably what you're saying, they'll funnel people to one side of the town.
Ahmad: We try not to sacrifice our rate that much. I mean, there's a point of diminishing return when you are selling a hotel room that's lower than the cost that you turn it.
Blackhawk
š° Monarch Casino
Monarchās the slick one. Think rooftop pool, modern rooms, and a shiny casino floor packed with slots and table games. It feels more āVegas liteā than mountain town, and the steakhouse is legit. Polished and a bit upscale.
š² Horseshoe (formerly Isle)
Recently rebranded, but still very down-to-earth. Itās got a big gaming floor, a hotel thatās decent but nothing fancy, and the vibe is more about value than luxury. Good promos, lots of regulars, and a friendly feel, working-class hero type.
šØ Ameristar
Another heavyweight. Big hotel tower, spa, rooftop pool, and probably the most complete resort vibe in town. Tons of table games, decent food options, and always buzzing. If youāre spending the weekend and want everything under one roof, this is your all-in-one.
š Lady Luck
Cozy, older, and more low-key. Itās kind of tucked in compared to the others, but itās got charm. Fewer crowds, budget-friendly rooms, and a bit of that ālocal hauntā feel. Great if you want to escape the flash and just play in peace.
Ahmad shed light on a different angle of competition coming from these operators
Q: What about the pressures from the labour market? What are you seeing on that front?
Ahmad: I will tell you that years after COVID now, in my opinion, the labor market is a little bit more forgiving because the stimulus monies that people used to get, did you know about that?
Q: The steamies.
Ahmad: Yeah, those are long gone. And then you have some sort of more of a fair game and an opportunity to attract people. The problem I see happening is that when operators ruin the market for one another and they keep upping the salaries and increasing the salaries, they don't even have own ability to pay just to attract the employees.
It ruins the market for everybody.
It's the ignorance of some operators, honestly, that I believe can affect the labor market more so than economic conditions.
Q: Are you seeing that from the new guys?
Ahmad: Yeah, I mean I don't see it from the new guys but I know that operators will try that and then blame it on each other. (They had poor comparison standards) They pay this much in Denver, they pay in here... But listen, there's only so many jobs in the market.
And after they're done, they're gone.
Regulation and iGaming
Two key risks facing the casino industry are the shifting regulatory landscape and the rapid rise of iGaming.
Regulatory uncertainty, particularly around licensing requirements both within Colorado and across state lines, poses a significant long-term challenge. Any tightening or restructuring of licensing frameworks could materially impact operations, expansion potential, and valuations.
At the same time, the growing popularity of online gaming among younger demographics presents a structural threat to traditional, location-based casinos.
iGaming offers the convenience and personalization todayās players increasingly demand, potentially diverting foot traffic and wallet share away from brick-and-mortar venues.
During our conversation, Ahmad acknowledged both dynamics. Beyond localized competition, he shared his view on the broader evolution of gaming norms and regulation.
His outlook reflected a blend of cautious optimism and pragmatic concern, particularly as new entrants and technology-driven models challenge the industryās long-standing equilibrium.
Q: Understood. Understood, yeah, perfectly. What about the other pressures, sorry, going back from competition to the inflation part? Hiring people. How difficult is it to hire people, particularly in these locations? And regulatory pressures, for example, I know there was a $100 max bet limit that got removed.
Ahmad: That's gone.
Q: Yeah. But are you seeing any of those being implemented?
Ahmad: Well, in Colorado: No. I don't see or expect any restrictions you're talking about, or threats, no. What I'll tell you is that no, so I don't see that. I see people trying, and we hear and we know that some entities will continue to try to introduce bingo, charitable bingo in non-gaming locations, which inherently gets shut down.
iGaming is another. And there's a huge, huge group of operators up against it. There's even an association that stands up against iGaming. I don't see it happening anytime soon. It was going to be introduced again, but it's gone down.
But no, from a regulatory perspective, I actually like to establish a good strong relationship with the regulatory body, especially the gaming division and enforcement, because it can be a great resource. And I have been so far lucky and successful in doing so, not only in Colorado, but in different jurisdictions. So we're on a cusp of building a very good strong relationship with the leadership of the gaming division in Colorado. And this is gonna continue because I believe it's very beneficial
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I feel like I was there with you. Nice write up on your scuttlebutt adventures! Thanks for sharing as always. Do you feel like you had any key take aways which have changed your outlook for CNTY?
Sounds like they're very much a mid market type of operation. Putting myself in the shoes of guests coming to these towns, when theres these amazing venues for sometimes a fraction of the cost, it seems like its a pretty hard sell to get them to stay at CNTY.
Is that the vibe you got?