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-Florida Gaming Corporation Acquires Florida Slot Machine License.

Travel Business Review-May 16, 2011--Florida Gaming Corporation Acquires Florida Slot Machine License(C)2011] ENPublishing - http://www.enpublishing.co.uk

Travel Business Review - 16 May 2011

Florida Gaming Corporation (OTCBB: FGMG), a US-based gaming company, has received a license from the State of Florida to commence Class III gaming at Miami Jai-Alai, in Miami, US.

The company has acquired a USD87m Senior Term loan for five years for the new slot machine operations, which will be used to build the new facilities.

The company chairman, William B Collett, said, 'With our financing and licensure in place, we are moving forward with construction and marketing plans. We believe the expanded gaming products will allow Miami Jai-Alai to regain its position among South Florida's top entertainment destinations.'

[Editorial queries for this story should be sent to tbr@enpublishing.co.uk]

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Publication:Travel Business Review (TBR)
Date:May 16, 2011
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