A company controlled by Houston billionaire restaurant mogul Tilman Fertitta has agreed to pay about $43 million for the Wildwood Casino and Hotel in Cripple Creek in a deal expected to be completed this summer.
Fertitta Entertainment, which owns Golden Nugget casinos in Las Vegas and four other locations, signed the agreement in November, according to documents the company filed in December with the Securities and Exchange Commission as part of a plan to become a publicly traded company. That plan has since been abandoned, but the deal to acquire the Cripple Creek casino and hotel is moving toward completion.
The transaction with Wildwood owner American Gaming Group is scheduled to be completed in the third quarter but must be approved by the Colorado Limited Gaming Control Commission. Fertitta Entertainment also must secure a license from the commission to operate the casino.