Of course, Florida has always been a Mecca for gamblers, but not just because of its legendary racinos like Dania Poker Room. In fact, people have been coming to this sunny state to play games that do not involve any balls whatsoever. We are, of course, talking about the infamous ‘oranges’ as in Orlando and other Central Florida towns.
However, there is one venue that has seen better days. We are, of course, talking about Dania on Cash House Road. This casino has had quite the life with some truly wild Dania Casino owners. Today, we’ll look at Dania Casino & Jai-Alait’s past and present owners while exploring some interesting facts along the way. So without further ado, let’s get this show on the road. But before that, here is a list of the best racinos in Florida. Those of you who are eager to learn more about them are more than welcome to pay our comprehensive guide a visit.
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List of Dania Casino Owners
So, who owns Dania Casino? Even though Dania Beach Casinos, Inc., owns it today, things were much more complicated in the past. As you can see in the table below, this historic racino has gone through 7 different owners since its opening back in 1936.
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When it comes to the Dania Casino & Jai-Alait owners, the first person on our list is Jack Boulware. He was an attorney from West Palm Beach who purchased the place in 1984 for $2.5 million. Boulware planned on converting Dania into a full-fledged casino, which would offer all sorts of games usually associated with . However, the voters nipped this idea in the bud by approving a constitutional amendment known as No Gambling.
The second owner was Marlboro Investments Ltd., a Canadian company that specializes in buying and running parimutuel establishments. The third person on our Dania Casino owners list is Robert Diaz Bui, a shrewd businessman who bought the place for $4.5 million in 1989. According to later reports, Bui owed more than $1 million in back taxes and interest, which led to the state seizing the facility in January 1991.
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In March of the same year, the court approved American Casino & Entertainment, LLC, as the new Dania Jai-Alai owners. The buyer was a group consisting of MGM Grand, Trump Plaza Associates, and Isle of Capri Casinos. However, this deal fell through, and the court chose another bidder – a group headed by Jeffrey Hixon.
Hixon ended up purchasing Dania Beach Casinos for $8.15 million. The judge gave him 120 days to reach a deal with Bui or kick him out of the establishment for good. Hixon managed to keep his word, reaching a settlement with the previous owner and evicting him from the property in June.
After reaching a deal with the state, Hixon renamed the facility Dania Casino & Jai-Alait. He also invested around $3 million in renovations, improving the roof, air conditioning, and elevator systems. Even so, Dania declared bankruptcy in 1994. After emerging from Chapter 11 reorganization in 1995, Hixon sold the establishment to PGC Management for slightly over $12 million.
Donald Fine, one of the individuals behind PGC, announced a series of expansions and improvements worth $15 million in July 1997. These changes included adding another jai-alai fronton, constructing a 20-table poker room, 250 slot machines, and building a hotel with 125 rooms. The project also included a new restaurant called The Court of Honor and a lounge named after legendary jock Lazarito. Fine even said that he hoped to complete everything within 18 months and increase revenues to $30 million per year.
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Unfortunately, Fine failed to repay a loan, defaulting in May 1998. Magnum Finance, the lender, took Dania to court, accusing it of owing $15.1 million. As a result, a foreclosure sale was scheduled for October 2, 1998. The highest bidder was Sunbelt Gaming & Hospitality, LLC, offering $14.7 million. The company’s managing member was Jeffery Hixon, Dania’s former savior.
Hixon’s latest tenure as the Dania Jai-Alait owner began in earnest on December 28, 1998. At this point, the place was $20 million in debt. The situation became so dire that Miami Jai-Alai and Gulfstream Park stopped buying games from Dania. As a result, Hixon had no other option but to declare chapter 11 again on August 17, 1999.
Getting out of bankruptcy for the second time in less than five years allowed Hixon to reach a settlement with Miami and Gulfstream. These two venues agreed to start buying games from Dania once again. Besides that, Hixon announced a new expansion plan that involved 500 slots and a hotel with 165 rooms. The price tag for the entire undertaking was $15 million.
Things seemed to be going well until September 26, 2002. That was the day when Hixon’s attorneys informed the bankruptcy court that the casino’s owners had decided to shut down the establishment, laying off all employees. The reason was that they could not pay the salaries or find buyers for the venture.
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However, one individual was interested in buying Dania. We are, of course, talking about former Miami Dolphins coach Don Shula. The legend wanted to turn the casino into a high-end facility, but he pulled out of the deal in November 2003. That’s when Daniel Lubnertsein and his wife Beatrice Finkelstein came into the picture, purchasing the casino for $9.1 million in February 2004.
Lubnerstesin owned Dania Casino & Jai-Alait until June 2014 when his estate sold the place to Hollywood Casino Hotel & Race Track (now known as Seminole Hard Rock Hotel & Casino) for slightly more than $62 million. Hard Rock then turned around and sold Dania to Dania Casino and Racing Empowerment, LLC, for $51.5 million in January 2017. And finally, we have the current owner – Dania Casino and Racing Enterprises, LLC, which bought the place in February of the same year for $42.5 million.
As you can see, this gambling venue has changed hands numerous times over the last few decades. With that in mind, let’s take a closer look at its current state and prospects.
Current State – Dania Casino & Jai-Alait
Dania Poker Room is the home of , jai-alai, and simulcast wagering. Apart from these options, players can enjoy more than 850 of the world’s most popular slot machines. When it comes to poker, Dania Beach Casino offers cash games and tournaments featuring Hold’em, Omaha, and 7 Card Stud.
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The venue also employs around 265 people, and in 2019, it generated close to $3.6 million in revenue. Even though things seem to be going well, Dania’s future remains uncertain.
One thing is for sure; this casino has seen better days. In fact, with its peeling paint and faded sign, Dania looks like it’s fallen on hard times. Some people even believe that it might be haunted, making it one of the creepiest casinos in the US.
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Built-in 1936, Dania Casino & Jai-Alait is one of the oldest gambling venues in the Sunshine State. Although it hasn’t reached the Century Casino Burlington age, this historical landmark has certainly stood the test of time. Whether it will continue doing so remains to be seen. Only time will tell if the best days of Dania Casino are still ahead or behind it. In any case, let’s conclude this blog post by answering some crucial questions about this legendary casino.
Where Is Dania Casino Located?
You can find this iconic establishment at 301 E. Dania Beach Blvd in Dania Beach, Florida. As we already mentioned, Dania Casino & Jai-Alait is one of the oldest casinos in the Sunshine State, having opened its doors to the public in 1936.
What County Is Dania Beach in?
This town is located in Broward County, Florida. It is also a part of the Miami metropolitan area. Despite being a small municipality, Dania Beach used to be a significant gambling destination during Prohibition.
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When Did Dania Casino Open?
magic happened on December 31, 1936. Back then, the venue was known as the Bible Ballroom and featured a 15-cent admission fee. People came here to dance, listen to music, and forget about the Great Depression for a couple of hours.
Who Owns Dania Casino Now?
The current Dania Casino owners are Dania Casino and Racing Enterprises, LLC. This entity bought the place for $42.5 million in February 2017. Before that, Donald Fine, Jeffery Hixon, and several other investors were the ones pulling the strings in the background.
Who Owns Dania Casino?
Even though Florida has always been a mecca for gamblers, Dania Casino & Jai-Alait has had seven owners since its opening in 1936. The current entity behind this venture is Dania Casino and Racing Enterprises, LLC.
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At the end of the day, Dania Casino & Jai-Alait is one of Florida’s most unusual gambling establishments. From an air force base to a casino and back, this place has certainly seen some action over the last century. Who knows what the future holds? One thing is certain; only the bravest souls should think about joining the Dania Casino ownership club.
We hope that our piece helped you kill some boredom. If you’re looking for something to do, you can always and see what’s new. Apart from keeping up with the latest news, blogs, and whatnot, online casinos allow you to play your favorite games from the comfort of your home.
If you live in the Sunshine State, you can check out the and start playing against like-mindeds. Just remember to play responsibly and never lose sight of those stakes! In any case, feel free to revisit our site whenever you want to learn more about both land-based and online gaming.
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