Boyd Gaming said it would use the proceeds from the sale for general corporate purposes, including repayment of debt. The transaction is expected to close in May.
But the group failed to close the deal by a late November deadline.ĭania Entertainment filed a lawsuit after the deal collapsed but agreed to dismiss the case when the new transaction was reached.Ī $7 million deposit previously paid by Dania Entertainment to Boyd Gaming in 2011 will be applied to the new purchase price.
and conservative religious interests has scuttled casino plans for south Florida, including the Miami area.īoyd had an agreement in 2011 to sell the jai alai facility, which is near Fort Lauderdale, for $80 million to Dania Entertainment. However, opposition by the Seminole Indian Tribe, the Walt Disney Co.
agreed to sell its south Florida jai alai facility Thursday for $65.5 million in an all-cash deal with Dania Entertainment, but the company hasn’t given up on owning and operating a casino in the regional market.īoyd had designs on building a casino complex at the Dania Jai Alai facility in Dania Beach, Fla., when it acquired the site in 2007.įlorida has been a focal point for casino expansion in the past few years.
