|Controversy over the introduction of video lottery terminals (VLTs) in Colorado heated up this week following indictments against executives of the company pushing to allow the gaming machines at Colorado horse and dog tracks. |
While supporters of a ballot proposal to authorize the machines rallied in Denver, shares of the company, Wembley, fell drastically following news of the bribery indictments Tuesday in Rhode Island.
Those federal charges could jeopardize Wembley's ability to run live races in Colorado, let alone offer video lottery terminal (VLT) machines at its tracks.
But proponents of the proposed Amendment 33 to authorize VLTs at Wembley's four Colorado racetracks were unfazed, rallying Wednesday in City Park in support of the measure.
The November ballot issue promises that if authorized, VLTs would raise at least $25 million annually for tourism promotion.
The company's Colorado-based Wembley USA, which owns four of Colorado's five racetracks, says the indictments do not implicate any operations in Colorado. However, as of Wednesday Potter was listed by the secretary of state's office as a director of Wembley's various Colorado holdings.
The state's lottery division would oversee Wembley's VLT operations should Amendment 33 pass.