Poarch Creeks to Buy Miami’s Magic City Casino

The Alabama-based Poarch Band of Creek Indians is on the leaflet of getting Magic City Casino inwards Miami, single of Florida’s longest-running gambling operations, The Miami Herald reports.

The Poarch Creeks feature entered into an asset purchase arrangement with stream proprietor Mae West Flagler Associates that testament see the federation of tribes acquire 100% ownership interest group and equity stake inwards Magic City’s gaming permit for an undisclosed sum, pending regulatory approval. That’s according to an application submitted to the Sunshine State Gaming Control Commission utmost month.

The direction gameboard is expected to fit Th inward Tallahassee to discuss transferring the let to the tribe, which operates several casinos and racetracks crossways the US via its gaming arm, Wind Creek Hospitality.

The commission’s stave has recommended the five-member get on approve the countenance transfer, according to The Herald. Many inside information are redacted inwards the re-create of the plus purchasing accord uploaded to the commission’s website, including entropy on the financing of the deal.

Expanding Footprint

The Poarch Creeks get been expanding their gaming footmark across the US inward recent years, reaching far beyond their AL reservation. Most notably, they acquired the Sands Bethlehem-Judah from LVS inward 2019 for $1.3 billion, renaming it the Wind Creek Bethlehem.

They also have 2 properties inwards North Florida, a card elbow room inwards Pensacola, and a barrelful racing cart track and scorecard way in Gretna.

Magic City first received a Trachinotus falcatus to proffer gaming inward 1931. This was for greyhound racing at its Flagler Dog Track. Races were running game continually until 2018 when the sport’s waning popularity prompted Magic City to focalise on jai alai instead.

The attribute is ace of just now a few card rooms inward Everglade State permitted to bid slots as swell as parimutuel betting. Outside of the Seminole Tribe’s Hard Rock-branded casinos, slots play is restricted to a handful of operations in Miami-Dade and Broward counties,

Family Business

Magic City has been a family-run byplay since 1952, departure through deuce-ace generations of the Havenick family, which owns Mae West Flagler Associates. The companionship also runs the Bonita Springs Poker Room close Fort Myers, which will remain in its control.

In addition, it has a Trachinotus falcatus to control jai alai inwards Miami’s up-and-coming Edgewater neighborhood. It’s been pushing for years to establish a parimutuel installation on that point but has met with local resistance.

West Flagler spearheaded the legal dispute that led to a DC federal judge rejecting Florida’s proposed thick with the Seminole tribe. That understanding would experience granted the folk a monopoly on sports betting inwards the state.

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