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

Law360, Miami (March 17, 2014, 9:45 PM EDT) -- 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.

The settlement, which gained the support of debtors Florida Gaming Centers Inc., its parent Florida Gaming Centers Corp., and owners W. Bennett Collett Sr. and W. Bennett Collett Jr., resolved issues surrounding the credit bid rights of lead creditor ABC Funding LLC...
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