Question-and-Answer Session
Operator
(Operators instructions) Our first question comes from Todd Eilers from Roth Capital Partners. Your line is now open.
Todd Eilers – Roth Capital Partners
Hi guys, how are you?
Peter Hoetzinger
Hi, Todd.
Todd Eilers – Roth Capital Partners
Just a few questions here. With regards to the gaming expansion referendum in Colorado, you talked a little bit about that, can you may be talk a little bit, I thought I saw somewhere that each city needs to pass the referendum, is that true? And if so what's the polling look like for the two cities that you guys are in?
Erwin Haitzmann
Hi Todd. This is Erwin Haitzmann. Yes, it's true. Each city has to do a separate referendum. Everything we hear is that each city considers it to be a cake walk. It's basically taken for granted that the residents – the constituents will vote for that.
Todd Eilers – Roth Capital Partners
Okay. And obviously the two big things there, the 24-hour operations and increase in the max bet and the addition of certain table games, what do you guys think would provide the most positive impact if those were to pass?
Erwin Haitzmann
Which – the measures individually you mean?
Todd Eilers – Roth Capital Partners
Yes.
Erwin Haitzmann
We think that the increase – probably the increase in limits is number one and number two would be the 24 hours.
Todd Eilers – Roth Capital Partners
Okay. And does your existing facility – if the referendum were to pass in both cities for you guys, what would the time frame – I guess, what would you – what's your existing capacity to maybe address and take advantage of those changes and what would your kind of future expansion plans look like?
Erwin Haitzmann
We already – as you can imagine, we are drafting plans already. So it will take space to accommodate additional tables and we will do that very quickly as soon as we could – as soon as it's permitted, we would certainly be right there. No real CapEx necessary other than tables and minimal interior design modifications. Let me point out one more thing with regard to this proposed new legislation that it would also mean in addition to the two things that you said and the addition of games like roulette and craps, is also the fact that if this passes, then any change in the existing tax structure would meet the approval of the voters again. And with regard to volume, it has been estimated that if this goes through, then the income – the tax income for the State of Colorado would almost double [ph].
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