As first reported on the Say Hi Li site, the Magic City Casino is getting sold.
Rumors of a sale of the valuable casino have been floating around for several months but was recently confirmed by Stu Neiman.
“While a change in the ownership of Magic City Casino may be taking place, there will be no change in the ownership of Magic City Jai-alai. The same ownership group which founded the program in 2018 will continue to operate the program with expansion in 2023.
That’s great news!
While rumors of the potential sale turned out to be correct, the immediate demise of jai-alai will not happen. There will be a 6th season, and as previously reported, a longer season with an increased roster.
Scott “The Savior” Savin will be heavily involved in the Magic City jai-alai operations, but his status as for the casino operations is unknown.
Magic City Casino is now the busiest casino of the pari-mutuels that include Gulfstream, Big Easy (Mardi Gras), the Isle in Pompano, Calder, Miami, Hialeah Park, and Dania based on the past couple of reporting months.
They were the only racino reach ten figures with a reported slots net revenue in July 2022 of $10,635,062. For years, The Isle in Pompano had been the leader, but revenue as sagged a bit since the pandemic and hasn’t quite fully caught backup yet.
Magic City just completed its 5th season this past weekend and will be opening earlier than before – next February with the season length getting expended to mid-December. However, they will close the month of August to hold the USNJAC and the Word Super Cup tournaments.