Casino revenue for April mixed
April revenue brought mixed results for Colorado casinos. Gaming establishments reported $65.8 million in adjusted gross proceeds (AGP), down 1.1 percent from $66.5 million in March, but up 5.8 percent from $62.2 million in April 2005.
AGP is most simply defined as the amount wagered by bettors minus payouts from casinos.
Black Hawk’s 21 casinos generated $47.9 million in AGP, up from $47.7 million in March and $44.1 million a year earlier. Cripple Creek’s 19 casinos totaled $12.3 million, down from $12.8 million in March, but up from $11.9 million in April 2005. Central City’s six casinos produced nearly $5.6 million, down from $5.9 million the previous month and nearly $6.2 million a year earlier.
Casinos statewide paid $11.2 million in gaming taxes in April, the same as in March.
BBB claims trademark being misused
The Council of Better Business Bureaus says that some individuals are using the BBB trademark to extort money from online shoppers seeking to purchase automobiles.
The BBB of Southern Colorado has not received any complaints, but BBBs in Dallas, Minnesota and San Diego have.
Consumers have reported that when they attempt to purchase merchandise, they are being directed to a fake BBB escrow service and advised that payment will be arranged through a Canadian escrow agent called the “Electronic Better Business Bureau,” www.e-bbb.org.
Consumers are told to register at www.e-bbb.org and send their username to the seller to start the process. The buyer is then told to use Western Union to wire transfer between $3,500 and $3,900 to an agent at the escrow company.
The fraudulent Web site claims that Electronic Better Business Bureau Escrow Services “financially secures your cross border trading for import and/or export, and is an alternative to a letter of credit, bank guarantee, credit insurance or other secure payment instruments.”
Better Business Bureaus do not provide escrow services or secure financial transactions.
The BBB of Southern Colorado says that consumers should contact the bureau when questions arise concerning the legitimacy of an offer, check with the bureau when the BBB name is being used in an unusual or questionable fashion, and consider it a red flag when you are asked to wire transfer money through a service such as Western Union.
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