{"id":208888,"date":"2022-04-12T03:00:26","date_gmt":"2022-04-12T10:00:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=208888"},"modified":"2022-04-13T09:35:14","modified_gmt":"2022-04-13T16:35:14","slug":"fertitta-entertainment-buying-wildwood-casino-for-43-million","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/","title":{"rendered":"Fertitta Entertainment Buying Colorado Casino for $43M, Will Use Golden Nugget Name"},"content":{"rendered":"

Tilman Fertitta\u2019s Fertitta Entertainment is entering Colorado\u2019s gaming market, paying $43 million for the Wildwood Casino and Hotel in Cripple Creek.<\/p>\n

\"Wildwood
Wildwood Casino and Hotel in Cripple Creek, Colo, seen above. Fertitta Entertainment is buying the venue for $43 million. (Image: Hospitality Online<\/em>)<\/figcaption><\/figure>\n

The Texas billionaire\u2019s company operates casinos under the Golden Nugget name<\/a> and will bring that iconic brand to Colorado. American Gaming Group, which has owned Wildwood Casino since it debuted in 2008, is selling the venue to Fertitta\u2019s gaming and restaurant monolith. The transaction is slated to close in the third quarter, pending approval by the Colorado Limited Gaming Commission (CLGC).<\/p>\n

Last summer, investment bankers approached American Gaming CEO Joseph Canfora about selling Wildwood to Fertitta. American Gaming mulled multiple offers from other suitors before agreeing to Fertitta Entertainment\u2019s bid, reports The Gazette.<\/em><\/strong><\/p>\n

In early 2020, Wildwood was nearly sold to Saratoga Harness Racing, which operates a casino in Black Hawk, one of Colorado\u2019s three gaming towns. But that deal was scrapped due to the coronavirus pandemic.<\/p>\n

Potentially Smart Move for Golden Nugget<\/h2>\n

Golden Nugget operates five US casinos \u2014 two in Nevada and one apiece in Louisiana, Mississippi, and New Jersey.<\/p>\n

\n

Fertitta Entertainment also owns more than 500 restaurants<\/a> across the Bubba Gump\u2019s, Chart House, Del Frisco\u2019s, Mastro\u2019s, and Morton\u2019s brands, among others, and the Aquariums, the Pleasure Pier, Vic and Anthony\u2019s. The company has a Colorado footprint via aquariums and restaurants, but it lacks gaming assets in the state.<\/p>\n<\/div>\n

The company\u2019s move into the state could pay dividends, because Colorado\u2019s land-based casino market is rapidly expanding. In November 2020, voters there approved Amendment 77, which set the stage for the gaming towns of Black Hawk, Central City, and Cripple Creek to ditch the prior $100 per hand cap on table game bets.<\/p>\n

Higher table limits are expected to help Colorado casino operators lure a higher clientele of gambler<\/a>, and compel those visitors to stay overnight while potentially keeping more local bettors in their home state rather than traveling to Las Vegas to play higher denominations.<\/p>\n

Cripple Creek Competition<\/h2>\n

While Cripple Creek isn\u2019t Atlantic City or Las Vegas — markets where Golden Nugget is a recognizable brand — the Colorado town is home to an increasingly competitive casino landscape.<\/p>\n

For example, Full House Resorts (NASDAQ:FLL), which owns Bronco Billy\u2019s in the town, is planning the $250 million Chamonix<\/a> casino-hotel there. Triple Crown Casinos, which runs three gaming venues in Cripple Creek, is scheduled to commence building a 105-rooom hotel there next month, according to The Gazette<\/em>.<\/p>\n

The Wildwood Casino has 528 gaming machines and a dozen table games. It\u2019s not immediately clear if Golden Nugget will expand those offerings. But Fertitta\u2019s company said any of the current 300 staffers at the venue are welcome to stay following the acquisition closing.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Tilman Fertitta\u2019s Fertitta Entertainment is entering Colorado\u2019s gaming market, paying $43 million for the Wildwood Casino and Hotel in Cripple Creek. The Texas billionaire\u2019s company operates casinos under the Golden Nugget name and will bring that iconic brand to Colorado. American Gaming Group, which has owned Wildwood Casino since it debuted in 2008, is selling […]<\/p>\n","protected":false},"author":46,"featured_media":208889,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[],"acf":[],"yoast_head":"\nFertitta Entertainment Buying Wildwood Casino For $43 Million<\/title>\n<meta name=\"description\" content=\"Tilman Fertitta\u2019s Fertitta Entertainment Buying Colorado's Wildwood Casino for $43 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fertitta Entertainment Buying Wildwood Casino For $43 Million\" \/>\n<meta property=\"og:description\" content=\"Tilman Fertitta\u2019s Fertitta Entertainment Buying Colorado's Wildwood Casino for $43 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-12T10:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-13T16:35:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/WW2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1032\" \/>\n\t<meta property=\"og:image:height\" content=\"774\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/\",\"url\":\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/\",\"name\":\"Fertitta Entertainment Buying Wildwood Casino For $43 Million\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/WW2.jpg\",\"datePublished\":\"2022-04-12T10:00:26+00:00\",\"dateModified\":\"2022-04-13T16:35:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Tilman Fertitta\u2019s Fertitta Entertainment Buying Colorado's Wildwood Casino for $43 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/fertitta-entertainment-buying-wildwood-casino-for-43-million\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/WW2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/WW2.jpg\",\"width\":1032,\"height\":774,\"caption\":\"Wildwood Casino and Hotel in Cripple Creek, Colo. 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