Owner and operator of gaming entertainment properties
said that it agreed to buy Dania Jai Alai, including about 50 acres of related land, for $152.5 million, subject to certain closing conditions and regulatory approvals.
Dania Jai Alai is one of four facilities approved under Florida law to operate 1,500 Class III slot machines. It is located near the Fort Lauderdale international airport and the Broward County convention center.
"We are thrilled to have the opportunity to expand our brand of casino entertainment into the Florida market. Our facility will offer the latest in slot machine games, as well as many new and exciting amenities that have become an important part of today's casino entertainment product," the Las Vegas-based company said in a press release.
This story was created through a joint venture between TheStreet.com and IRIS.