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Florida Gaming Corporation Completes Sale of Ocala Jai-Alai

2 August 2000

MIAMI, Florida --(Press Release) --August 2, 2000--Florida Gaming Corporation (OTCBB:BETS - news), announced today that the sale of the Ocala Jai-Alai facility has been completed.

Florida Gaming Corporation received $2,250,000 in cash plus a note for $250,000 payable in five annual installments of $50,000 each plus interest at 8% per annum.

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