Wannabe Buyer Blasts Miami Casino's Ch. 11 Filing

Law360, Miami (September 10, 2013, 7:23 PM EDT) -- After Florida Gaming Centers Inc. blasted its creditors' recent request for a Chapter 11 trustee Monday, the owner of Miami Jai-Alai faced another challenge Tuesday from Silvermark LLC, which urged the bankruptcy court not to allow FGC to reject their $129 million stock purchase agreement.

FGC, which filed for bankruptcy protection the day before it was expected to complete its sale to Silvermark on Aug. 19, accused lead creditor ABC Funding LLC of twisting and misstating facts and working to delay the Silvermark closing. Meanwhile, Silvermark...
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