February 01, 2015 2:41 PM ET

Hotels, Restaurants and Leisure

Company Overview of Florida Gaming Centers, Inc.

Company Overview

Florida Gaming Centers, Inc. owns and operates gaming centers. The company operates jai-alai frontons that feature casino gaming, live and simulcast jai-alai competition, and inter-track pari-mutuel wagering. The company was founded in 1926 and is based in Miami, Florida. As of April 30, 2014, Florida Gaming Centers, Inc. operates as a subsidiary of Fronton Holdings, LLC.

3500 NW 37th Avenue

Miami, FL 33142-4923

United States

Founded in 1926

Phone:

305-633-6400

Fax:

305-633-4386

Key Executives for Florida Gaming Centers, Inc.

Chief Executive Officer
Age: 58
Chief Operating Officer and Vice President
Age: 57
Compensation as of Fiscal Year 2014.

Florida Gaming Centers, Inc. Key Developments

Bidding Completed For Miami Jai-Alai

The bidding process for Florida Gaming Centers, Inc. was completed on March 25, 2014. The bidders were Mohegan Tribal Gaming Authority, Penn National Gaming Inc. (NasdaqGS:PENN), Z Capital Management LLC and an unknown bidder.

MTGA And GLP Bid For Florida Gaming Centers

Mohegan Tribal Gaming Authority (MTGA) and Gaming and Leisure Properties, Inc (NasdaqGS:GLPI) (GLP) made a bid for acquiring assets of Florida Gaming Centers, Inc. for $153 million. Evan R. Levy, David C. Reamer, and Michael Beinus of Skadden, Arps, Slate, Meagher & Flom, L.L.P. are acting as legal advisors for Gaming and Leisure Properties.

Florida Gaming Centers, Inc. Appoints Morrison, Brown, Argiz & Farra, LLC as Auditor

Florida Gaming Corporation announced that on March 18, 2013, David Jonas as Receiver for Florida Gaming Centers, Inc. appointed Morrison, Brown, Argiz & Farra, LLC as the new accountants to perform the audit of the company financial statements for its fiscal year ended December 31, 2012. Following the receiver’s appointment of Morrison on March 18, 2013, the Florida Gaming Corporation's management, in consultation with Morrison and the Florida Gaming Corporation's then-auditor, King + Company, P.S.C., determined that, because Morrison would audit substantially all of the Florida Gaming Corporation's assets through its audit of Florida Gaming Centers, Inc., and, although King remained engaged to audit the Florida Gaming Corporation financial statements for its fiscal year ended December 31, 2012, Morrison would become Florida Gaming Corporation's principal accountant. On March 27, 2013, the Florida Gaming Corporation's audit committee recommended the ratification and approval of Morrison’s appointment as the Florida Gaming Corporation's principal accountant for the December 31, 2012 audit, and on that same date the Florida Gaming Corporation's board of directors ratified and approved Morrison’s appointment.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 25, 2014
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