SARATOGA SPRINGS, New York (May 15, 2020) – Saratoga Harness Racing, Inc. (SHRI) and American Gaming Group, LLC (AGG) announced today in that they have mutually agreed to terminate the acquisition agreement previously announced on March 11, 2020, under which the parties had agreed that SHRI would acquire the operating assets of Wildwood Casino in Cripple Creek, CO from AGG.
Both parties site that the termination, although disappointing, was necessary based on the current economic impacts resulting from the coronavirus (COVID-19) health crisis. The pandemic has resulted in a need for each company to focus on its respective businesses, and has impacted the companies’ ability to realize the benefits of the transaction during these unprecedented times.
SHRI owns and operates Saratoga Casino Hotel, in Saratoga Springs, NY featuring over 1,200 slots, electronic table games, a live entertainment venue, a variety of dining options and bars, live harness racing, and simulcast wagering. SHRI also owns and operates Saratoga Casino Black Hawk, located in the historic town of Black Hawk, CO featuring over 425 slot machines, 10 table games, a full-service restaurant, bar and a variety of guest services. SHRI is also a partner with Delaware North Companies in the operation of Gideon Putnam Resort and Roosevelt Baths in Saratoga Springs, NY. Additional information about Saratoga Casino Hotel can be found at www.saratogacasino.com.
Wildwood Casino is a top-rated, 24-hour-gaming, Vegas-style casino located in the historic mining town of Cripple Creek, Colorado. “The Highest Casino in the World” operates over 500 slots, table games and multiple dining options as well as the 67-room Gold King Inn and the Gas N’ Roll gas station and convenience store. Wildwood is in the process of building a new 102-room hotel tower adjacent to the casino. Additional information can be found at www.wildwoodcasino.net.
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