Salazar Jackson hosts live auction of Casino Miami Jai-Alai; ABC Funding is winning bidder

March 25, 2014 Posted in Firm News

On March 25, 2014, the assets of Florida Gaming Corp., including the casino at Miami Jai-Alai, were sold to ABC Funding LLC for $155 million. ABC Funding, which loaned Florida Gaming $87 million for the new casino, purchased the property at a live bankruptcy auction at the Biltmore Hotel in Coral Gables. Salazar Jackson LLP Co-Founder Luis Salazar conducted the auction, as counsel to Florida Gaming.

Last month, Salazar Jackson won a $35 million summary judgment against ABC Funding in Miami Jai-Alai’s Chapter 11 bankruptcy case. Firm Co-Founder Linda Worton Jackson is also handling the case.

Check out coverage of the auction from the South Florida Business Journal here