SEARCH NEWS:

 

Florida Gaming Sells Excess Real Estate

MIAMI, Florida -- (PRESS RELEASE) -- Florida Gaming Corporation (OTCBB:FGMG) announced today that it has completed the sale of about 79 acres of investment real estate located adjacent to its' Jai-Alai facility in Fort Pierce, Florida.

The sale price was $3,950,000 which was paid in cash. Expenses related to the sale totaled about $223,500, leaving a net amount received after expenses of $3,726,500. The company recorded a net gain on the transaction of $2,638,869 or ($0.83) per common share.

< Gaming News