BLACK HAWK, CO-Black Hawk Gaming & Development Co. Inc. has cut off talks to buy the Claridge Hotel & Casino in Atlantic City. Black Hawk is a historic mining town about an hour west of Denver, where limited stakes gambling is permitted.

Stephen R. Roark, Black Hawk president, says his company has concluded that Claridge doesn’t fit into its growth plans, so it is abandoning talks and due diligence. He says he normally wouldn’t announce that he’s withdrawing from talks since he never formally announced they had begun. Because Claridge had publicly announced the purchase of Claridge, “we felt it necessary to announce that we presently have no interest in the property,” he says.

Black Hawk Gaming, however, is finalizing the acquisition of the Gold Dust West Casino in Reno, NV. In Colorado, it owns the Gilpin Hotel Casino in Black hawk and is the 75% owner of the Lodge Casino at Black hawk. With a total of 1,300 gaming devices under management, it is the state’s largest gaming operator.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.