Saratoga Harness Racing and the American Gaming Group have reached a mutual termination agreement on the proposed sale of Wildwood Casino, which is based in Colorado.
Because of the current economic impacts of the COVID-19 health crisis, bringing an end to the previously agreed acquisition was seen as a necessary course of action by both parties.
Joe Canfora, the owner of Wildwood Casino said: “At this time, we believe it’s in the best interest of both companies, and our respective casinos, to cancel the deal so we can focus on doing what’s best for our casinos and our players.
“At Wildwood, we’re taking this time to develop and implement an entire health and safety strategy that goes above and beyond state and local guidelines to better protect our players and provide a comfortable, safe environment for gaming.”
Cripple Creek establishment entered into a sports betting agreement with ISI Race & Sports for the provision of equipment, software, and marketing services in anticipation of Colorado becoming the 18th jurisdiction to join the US sports wagering scene.
The property also has carried out “advanced health and safety strategies” in preparation for players return after nationally required casino closures are starting to ease across the US.
Among the activities are on-demand cleaning crews travelling around the casino to clean surfaces as needed and to allow continuous, deep cleaning every night, as requested and reduced operating hours. Management is also looking at UV light technology for future air filtration and other recently found best practises to protect patrons from the virus.
Wildwood Casino’s assistant general manager Matt Andrighetti added: “This is all about the safety and security of our players and our employees.
“We received a lot of great input from our players, and now, we’re using their feedback to create a comprehensive health and safety plan that surpasses the county and state, mandatory precautions.
“Also, as the newest casino building in Cripple Creek, Wildwood features high ceilings and a single-level gaming floor to offer players a more spacious, less cramped environment.”
Despite the health problems and revenue decline, Wildwood is pushing ahead with the construction of its $14 m hotel 104-room hotel, as well as conducting a number of internal re-branding projects in preparation for the forthcoming segment on sports betting.