Colorado Casino Resorts, Inc., incorporated in 1993, owns, develops and operates gaming properties. The Company owns and operates two casino properties in Cripple Creek, Colorado, The Double Eagle Hotel & Casino and Creeker’s Casino. On November 1, 1999, the Company filed for restructuring under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado (the Court). On November 8, 2000, the Court confirmed the plan of reorganization. Pursuant to terms of the approved plan, Colorado Casino Resorts is no longer a public company.
The Double Eagle
The Double Eagle provides access and visibility to gaming patrons and tourists arriving in the city of Cripple Creek. The Double Eagle is a modern casino/hotel that was constructed in 1996. The five-story Double Eagle has 45,000 square feet of gaming space featuring over 600 slot machines and five blackjack tables. The Double Eagle also offers 158 hotel rooms and suites, a total of 400 parking spaces with free valet parking and shuttle transportation, an 85-seat restaurant, Lombard’s Bar & Grill, two bars, an entertainment stage and a gift shop offering a variety of items bearing The Double Eagle name.
The Double Eagle has been designed as a modern hotel and casino inspired by Las Vegas casinos. The exterior design of The Double Eagle is based on the historic structures which existed in the city of Cripple Creek at the turn of the century while the interior is fashioned on a “Roaring 20’s” theme, including a winding staircases, a stained glass-like barrel ceiling and colorful three-dimensional casino signs. It is open seven days a week.
The Company acquired Creeker’s Casino in March 1995. In August 1996, the Company transferred the assets and liabilities of The Double Eagle to a wholly owned subsidiary, Double Eagle Resorts, Inc. Creeker’s Casino is located in the center of Cripple Creek. It is a three-story building that has been designed to resemble a Victorian-style historic structure of the late 1800s. Within its 19,000-square-foot casino, Creeker’s Casino offers 200 slot machines, two bars, a restaurant featuring buffet-style meals and entertainment areas, including an arcade area for the children of gaming patrons.
The Company controls approximately 15% of the slot machines in the Cripple Creek market. The Company utilizes various measures to retain and increase its market share in the Cripple Creek gaming industry. Increased slot play is encouraged through the use of slot clubs. As members of the Gold Premier Club, patrons are encouraged to insert their frequent player card into slot, keno, and video poker machines while playing in the casino to earn points. Using the tracking system to track wagering, management rewards members of the Gold Premier Club based on their point totals with various cash and gift prizes. During fiscal 1998, Creeker’s signed up nearly 8,000 members to the Gold Premier Club, while The Double Eagle welcomed 20,000 new members to the club. Currently, Creeker’s and The Double Eagle have a combined total of 95,000 members in their database.
Promotional allowances, such as complimentary rooms, food, beverage, and entertainment are used at both casinos to reward and retain customers. Specifically, Creeker’s promotes coupons for discounts on buffet meals, cash and prize give-aways while The Double Eagle offers discounted and complimentary hotel rooms, complimentary dinners at Lombard’s Bar & Grill and cash sweepstakes to attract respective customers.
Colorado Casino Resorts, Inc. (CCRI) is an American-based casino and hotel development company that, through its subsidiaries, owns and operates casino and hotel/casino properties in southern Colorado. The company has its registered business office located in Colorado Springs, Colorado.
Colorado Casino Resorts owns, develops and operates gaming properties. The company operates two casino properties in Cripple Creek, Colorado: The Double Eagle Hotel & Casino and Creeker’s Casino. The Double Eagle Hotel offers customers 158 guest rooms, a 45,000 square-foot casino with more than 600 slot machines and five blackjack tables, two bars, a restaurant, an entertainment stage and a gift shop. The Double Eagle Hotel was the first major hotel and casino serving the greater Colorado Springs area with a growing population base. The Creeker’s Casino is a 19,000 square-foot casino with approximately 200 slot machines, two bars and a restaurant featuring buffet style meals, and entertainment area. Resembling a Victorian-style historic structure of the late 1800’s, The Creeker’s Casino is located at the corner of 3rd Street and Bennett Avenue in the center of town. Creeker’s offers its customers a friendly, “down-to-earth” atmosphere in which to enjoy gaming activities.
Colorado Casino Resorts’ business strategy is to offer casino gaming and a full range of amenities in a friendly atmosphere that caters to middle and upper-middle income customers.
Group or Branch:
Suite 200 80905, COLORADO SPRINGS, CO, UNITED STATES OF AMERICA
+1 719 635 7047
+1 719 577 4908