Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News

Gaming News


Miami Jai-Alai could be sold

13 September 2007

FLORIDA -- As reported by the Miami Herald: "If Miami-Dade County voters decide in January to allow slot machines at the county's parimutuels, the election could trigger the sale of venerable Miami Jai-Alai to a company that already owns casinos in Broward County and the Bahamas.

"The Isle of Capri, a St. Louis-based company with 18 casinos including four overseas sites, entered into an agreement in 2004 that gives the casino company first right to negotiate to purchase the Miami Jai-Alai property from owner Florida Gaming -- if the slots initiative passes.

"The two companies struck the deal before the 2005 election in which Broward voters approved slots but Miami-Dade voters narrowly rejected them. Isle of Capri already owns the Isle of Capri casino at Pompano Park, a harness track in Pompano Beach it bought in 1994, as well as a casino on Grand Bahama, part of the Our Lucaya resort.

"Adding a third casino in the region could create a profitable triangle of properties for Isle of Capri, said Allan B. Solomon, executive vice president and general counsel for the company..."

< Gaming News