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Florida Gaming Centers, Inc.

  1. July 17, 2014

    Liquidation Plan OK'd For Casino Miami Jai-Alai's Ex-Owner

    A Florida bankruptcy judge on Wednesday confirmed the liquidation plan for Casino Miami Jai-Alai's former owner, Florida Gaming Centers Inc., centered on its $155 million sale to its lead creditor, according to counsel for the unsecured creditors committee.

  2. May 14, 2014

    Florida Gaming Corp. Equity Holder Can't Nix Asset Sale

    A Florida bankruptcy court on Tuesday rejected an emergency bid by Prides Capital Fund I LP, the preferred shareholder of Florida Gaming Centers Inc.'s parent company, to vacate an order authorizing the $155 million sale of FGCI's assets to ABC Funding LLC.

  3. March 26, 2014

    Miami Casino Sells For $155M In Ch. 11 Auction

    Lead creditor ABC Funding LLC came out on top with an offer totaling $155 million in a bankruptcy auction for the assets of Casino Miami Jai-Alai's owner Florida Gaming Centers Inc., the debtors informed a Miami bankruptcy court on Wednesday.

  4. March 17, 2014

    Settlement On Credit Bid OK'd Ahead Of Miami Casino Sale

    A Florida bankruptcy judge on Monday approved a settlement agreement in the Chapter 11 case of the owner of Casino Miami Jai-Alai, tying up some crucial loose ends two days before the deadline for bids for a March 25 auction of the company's assets.

  5. December 18, 2013

    Casino Miami Jai-Alai Bankruptcy Sale Procedures OK'd

    With an agreement in place for operator Silvermark LLC to serve as a stalking horse bidder, a Florida bankruptcy judge worked through a few final issues Wednesday before approving sale procedures for a planned March 2014 auction of Casino Miami Jai-Alai.

  6. December 16, 2013

    Bankrupt Miami Casino Gets Extra Day To Land Stalking Horse

    A Florida bankruptcy judge granted the bankrupt owner of Casino Miami Jai-Alai and casino operator Silvermark LLC a brief — and final — extension on Monday to try to reach a $129 million stalking horse bid agreement for a proposed March auction of the facility.

  7. December 11, 2013

    Bankrupt Fla. Casino Gets Deadline For Stalking Horse Deal

    A Florida bankruptcy judge set a Monday deadline for the bankrupt owner of Casino Miami Jai Alai and a casino operator to agree on a stalking horse bid after they failed to strike a deal in time for a Wednesday hearing that was set to approve procedures for a March auction.

  8. November 26, 2013

    Florida Gaming, Silvermark Resume Miami Jai-Alai Sale Talks

    Florida Gaming Centers Inc., the bankrupt owner of Casino Miami Jai Alai, has resumed negotiations with casino operator Silvermark LLC, this time on a $129 million stalking-horse bid for a March auction of its assets, according to a motion filed Monday in Florida bankruptcy court.

  9. October 23, 2013

    Bankrupt Miami Casino Sets Sights On Asset Sale

    Florida Gaming Centers Inc., the bankrupt owner of Casino Miami Jai Alai, has abandoned the prospect of reorganization and is instead planning an asset sale in late March, the company told a Florida bankruptcy court Tuesday.

  10. October 02, 2013

    Next 3 Weeks Will Shape Miami Casino Bankruptcy

    The bankruptcy of Casino Miami Jai-Alai's owner entered a critical period following a hearing Wednesday in Florida bankruptcy court, as negotiations over the next three weeks will likely set the course for debtor Florida Gaming Centers Inc.

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