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Florida Gaming Corporation (OTCBB: FGMG) just released some important news.

Publication: M2 Presswire
Publication Date: 09-APR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-9 April 2009-Stockwire.com: Florida Gaming Corporation (OTCBB: FGMG) just released some important news.(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:09042009

Florida Gaming Corporation (OTCBB: FGMG) just announced Closing of Phase 1 of Casino Expansion Property.

A dedicated Chat Room for Florida Gaming has been created at STOCKWIRE.com to discuss this news event.

Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat

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MIAMI, Apr 08, 2009 - Florida Gaming Corporation (OTCBB: FGMG) announced today that FGMG has completed Phase 1 of its two-phase acquisition of 10.962 acres of property from Miami-Dade County ("County"). The Company previously announced the Agreement to acquire the property from the County in exchange for a right-of-way of .492 acres to be used by the Miami-Dade Metro Rail, an overhead light rail system. As part of this transaction, the County purchased an easement of .492 acres from FGMG for $1,014,300. Phase 1 acquisition consists of the purchase of approximately 2.283 acres from Miami-Dade County by Florida Gaming for $3,348,429. The Company paid a down payment of $334,843 and the County financed...

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