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

By Nathan Hale (July 17, 2014, 7:53 PM EDT) -- A Florida bankruptcy judge on Wednesday confirmed the liquidation plan for Casino Miami Jai-Alai's former owner, Florida Gaming Centers Inc., that is centered on its $155 million sale to its lead creditor, according to counsel for the unsecured creditors committee.

No objections were filed against the plan, which wrapped up about three months after U.S. Bankruptcy Judge Robert A. Mark approved the sale on April 7 to Fronton Holdings LLC, an entity formed by lead creditor ABC Funding LLC, which came out with the winning bid in a bankruptcy auction for the assets of FGCI.

"This was a successful Chapter 11...

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