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Golden nuggets casino4/26/2023 ![]() The company began looking at selling the casino after plans to expand to Black Hawk fell through a few years ago. Upon completion, it would provide Fertitta’s company with a presence in a rapidly-expanding market.Īmerican Gaming CEO Joe Canfora said, according to The Gazette, that an investment banker approached the company last summer about selling to Fertitta, to which the business agreed after discussions with several potential buyers. In order for Fertitta Entertainment to take over the property, the deal must first be approved by the Colorado Limited Gaming Control Commission and the company has to secure a gaming license. Wildwood has been owned by American Gaming Group since its debut in 2008. Wildwood Casino and Hotel in Cripple Creek, Colorado. ![]() ![]() “The acquisition is expected to close in the third quarter of 2022.” While the plan to take Fertitta Entertainment public failed, the Cripple Creek acquisition is now moving forward. “On November 2, 2021, we entered into an agreement to acquire Wildwood Hotel and Casino in Cripple Creek, Colorado for approximately $43.0 million, subject to customary adjustments,” the filings reads. The deal was announced in December, in a filing with the Securities and Exchange Commission, at a point in which Fertitta was considering taking his company public, a plan that was ultimately dropped. The deal, expected to finalize by summer, is being carried out through the mogul’s Fertitta Entertainment company and will see the introduction of the iconic Golden Nugget brand to the state.įertitta Entertainment, owner of Golden Nugget casinos in Nevada and three other states, first signed the agreement to acquire the property in November. ![]() Billionaire businessman Tilman Fertitta is purchasing the Wildwood Casino and Hotel in Cripple Creek, Colorado, for $43 million.
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