Plans for an off-track betting facility in Danbury were put on hold last night, just before the City Council was slated to vote on approval. Mayor Mark Boughton announced before their meeting that Sportech Venues pulled their application to locate a paramutual betting facility at Two Steps.
Sportech notified city officials that their parent company started negotiating its sale after last week's public hearing and all pending locations are on hold. The company called it a combination of market uncertainty and unfortunate timing.
The UK-based business said in a letter to the Council that they hope to work with Danbury in the near future.
Sportech has exclusive licensing rights in the state and Danbury would have been their 17th location in Connecticut. The state legislature approved a bill last past session allowing Sportech to have 24 off-track betting licenses throughout Connecticut.