News
Florida Gaming Corporation Terminates Agreement with Isle of Capri Casinos, Inc.
MIAMI-(Business Wire)-August 5, 2008 - Florida Gaming Corporation (OTCBB: FGMG), announced today that the "exclusivity period" under the Letter of Agreement ("Agreement") dated October 29, 2004, between Isle of Capri Casinos, Inc. ("Isle") and FGMG regarding FGMG's Miami Jai-Alai facility expired on July 29, 2008. Pursuant to the terms of the Agreement, Isle had the exclusive right to negotiate for the purchase of the Miami Jai-Alai facility until the end of the exclusivity period.
FGMG is now exploring other options concerning a potential sale of the Company, or the operation of up to 2,000 Class III slot machines at the facility as currently authorized under Florida law.
For information concerning this NEWS RELEASE, or other corporate matters, please contact the following:
W. Bennett Collett
Chairman and C.E.O.
(502) 589-2000
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