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
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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