Question-and-Answer Session
Operator
Thank you. (Operator Instructions). And we'll take our first question from Larry Klatzkin with Jefferies.
Larry Klatzkin - Jefferies
Quick question. The new rules in Colorado, what does that mean to you and what you guys are going to do in response to it?
Bill Westerman
Well, we don't know what we're going to do to maximize the benefit and we feel that it will be very beneficial in slot with the higher limits and probably extended hours in slots. With respect to table games, we have also considered them an amenity and we will have to reevaluate whether we aggressively are going go after table games or not.
Larry Klatzkin - Jefferies
All right, you don’t think with the $100 tables and roulette and the craps that you could actually start making money on table games?
Bill Westerman
We didn’t support the movement for the referendum. We saw little benefit in it. We think a lot of people got a lot of hype and a lot of hopes that’s going to save these multi-multi million dollar projects where they’ve invested a lot of money, and we hope they’re right. But as far as we’re concerned, we’re going to very cautiously see what – we love the Colorado, we love Black Hawk, we love the $5 limit and we love the slot market. We’ve paid back our entire investment in Black Hawk doing that.
And we recognize that some of our competitors have other necessities to recover their investment, and have very, very high expectations. We will observe it and where there is an opportunity, we will expand our table games and craps. But we – at this time, we’re not permitting to expanding table games at least till we see where things go, it will be July for us before anything happens. By then we’ll have a much better read as to what we may have to do to remain competitive in the market.
Larry Klatzkin - Jefferies
But on the slot side, you think you could get profits up 10% by the higher limit?
Bill Westerman
At this point in time and the way the market is, we’re not making any predictions. I think that higher limits will be beneficial in slots.
Larry Klatzkin - Jefferies
And then they need a work over and you’re saying you don’t think that will all be done till July, those things that have to be done?
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