Casino Miami Jai Alai Sale
The Miami Jai-Alai casino and fronton sought to stop a sales agreement to a New York-based gambling operator in bankruptcy court Wednesday.
Miami Jai-Alai lawyer Luis Salazar argued that the sale price of $115 million would fall short of what the Miami casino owes lenders, but the intended buyer, Silver Entertainment Gaming and Hospitality, said it was ready to close on the deal.
“It is a contract we worked long and hard for,” Silver lawyer Thomas Kreller, of the Milbank firm’s Los Angeles office, told the Miami Herald.
Miami Jai-Alai lawyers say they’re pursuing a reorganization since the casino is profitable and could afford to continue making debt payments, the Herald reported.
Apr 16, 2013 As it tries to complete the sale of Miami Jai-Alai, Florida Gaming Corp. Announced a $23.2 million loss in 2012. The Miami-based company's (OTCBB: FGMG) losses were slightly worse than the $22.3. Presentation of the Miami Jai Alai Casino. Miami Jai-Alai is one of the biggest casinos in Miami. If you want to have fun it might be the right place for you, and with its machines and tables, you will feel like in Las Vegas for a moment. In total, the Casino Jai-Alai in Miami has got more than 1,000 slot machines. Casino Miami Jai-Alai Tickets On Sale! 3500 NW 37th Ave, Miami, FL. For Tickets Call 1-800-840-9227 Representatives available Mon-Fri 7am-12pm, Saturday and Sunday.
While Miami Jai-Alai initially agreed to Silver’s $115 million offer, a subsequent appraisal put the value at $180 million.
Including an $8 million penalty for rival Hialeah Park opening a casino, Miami Jai-Alai owes lender ABC Funding $122 million, according to Florida Gaming securities filings. [Miami Herald] — Emily Schmall
Casino Miami Jai Alai Home Page
Casino Miami (formerly known as Miami Jai-Alai Fronton) is a 6,500-capacity indoor arena and casino located at 3500 NW 37th Avenue in Miami, Florida.[1] It is primarily used for gambling, jai alai and concerts. Notable past performers include the Allman Brothers Band, Black Sabbath, Bruce Springsteen, Frank Sinatra, Santana and Grateful Dead.[2] In the past, the arena has been used 89 times for boxing events, including many involving famous former world champion boxers. After a bankruptcy, an affiliate of ABC Funding acquired Casino Miami Jai-Alai in 2014.[3]
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References[edit]
- ^'Miami Jai-alai'. Jai-alai.info. Retrieved 2014-06-13.
- ^'Miami Jai-Alai Fronton, Miami, FL, USA Concert Setlists setlist.fm'. Setlist.fm. Retrieved 2019-08-29.
- ^Hale, Nathan. 'Miami Casino Sells For $155M In Ch. 11 Auction - Law360'. Retrieved 2014-11-19.
Jai Alai Miami Fl Schedule
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Coordinates: 25°48′26″N80°15′24″W / 25.8073°N 80.2568°W