Betting on gaming: Higher stakes help gambling town flourish
By Daniel Michaels, May 20th 2005DEADWOOD, S.D. (AP) - Casino business in this historic Black Hills town has improved markedly since a $100 bet limit was enacted 2 1/2 years ago, gambling managers and others say.
It also has spurred casino expansion and hotel development.
When legalized gambling began here Nov. 1, 1989, maximum bets for card games and slot machines were frozen at $5 by the state constitution. Deadwood interests pressed for years to increase the limit, finally persuading voters in 2000 to pass a ballot measure changing the constitution.
Many seasoned gamblers were eager to ante larger bets, says Tom Rensch, general manager of the Silverado, billed as Deadwood's largest casino. The smaller bet limit was so restrictive that it kept some gamblers away, he says.
It also has spurred casino expansion and hotel development.
When legalized gambling began here Nov. 1, 1989, maximum bets for card games and slot machines were frozen at $5 by the state constitution. Deadwood interests pressed for years to increase the limit, finally persuading voters in 2000 to pass a ballot measure changing the constitution.
Many seasoned gamblers were eager to ante larger bets, says Tom Rensch, general manager of the Silverado, billed as Deadwood's largest casino. The smaller bet limit was so restrictive that it kept some gamblers away, he says.
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Betting on gaming: Higher stakes help gambling town flourish
