Day At The Track

Saratoga Harness Racing terminates agreement

07:11 AM 25 May 2020 NZST
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Saratoga Raceway
Saratoga Raceway

SARATOGA SPRINGS — Saratoga Harness Racing, Inc. (SHRI) and American Gaming Group, LLC (AGG) announced May 20 that they have mutually agreed to terminate an acquisition agreement under which the parties had agreed that SHRI would acquire the operating assets of Wildwood Casino in Cripple Creek, CO from AGG.

Both parties cite 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, 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.  Additional information about Saratoga Casino Hotel can be found at saratogacasino.com.

Reprinted with permission of Saratoga Today

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