Making the News

South Florida Sun-Sentinel

Originally Published:Monday, May 2, 2011,0,5241673.story

Dania Jai-Alai sold to private investors

By Nick Sortal
South Florida Sun-Sentinel

"But I can't imagine anybody buying that property and not wanting to start casino operations," said Joe Weinert, of the Spectrum Gaming Group, an international consulting firm that analyzes gambling markets.

"Obviously the South Florida landscape has changed since Boyd bought Dania, and given the legislation we saw this spring, it could change again in the foreseeable future," Weinert said.

Mardi Gras Casino in Hallandale BeachGulfstream Park Racing & Casino in Hallandale Beach and the Isle Casino & Racing in Pompano Beach already have slot machines, and each made at least $5.5 million with them last month, according to state records. There also are three casinos run by the Seminole Tribe of Florida in Broward, including the industry leader, the Seminole Hard Rock Hotel & Casino. All told, it's a $1.5 billion-a-year market, Weinert said.

"Dania can make it, but it's a question of whether it's growing the market or just cannibalizing other businesses," Weinert said.

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