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Lakewood's Happy Days Casino is up for sale again

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April 16, 2011

Lakewood's Happy Days Casino is up for sale again after plans fell through to reopen as Lucky Dragonz Casino. No details have been released on why the deal had not happened.

The casino has had a history of problems.

The casino was closed in August of last year. $35,000 was owed by the owner in back taxes. This made the city revoke the casino's business license. The owner before that had left the casino 3 years prior. When that owner walked out, he did not pay the employees or the gaming taxes that were due.

Currently casinos are taxed 11 percent. There are four casino operating within the city.

Kelco Gaming was to be the newest owner of the minicasino. The gaming license was applied for in December of last year. The casino was to be renamed Lucy Dragonz, and operate 12 game tables.

In 2008 a messure was introduced to voters to stop minicsinos from opening. The measure was rejected by voters. Therefore the city has imposed new ways to stop new minicasinos from opening. However, they are supportive of the current minicasinos in operation. This is due to the tax revenue that the casinos pay to the city and the employment for residents.

The city of Lakewood earns $2.8 million each year from the gaming revenue taxes. The money is used to pay for city services.

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