PCI Gaming to acquire Miami casino for reported $600 million

Announcement comes after permission to transfer casino’s gaming license

Wind Creek Casino and Hotel in Atmore.

Wind Creek Hospitality’s PCI Gaming has agreed to acquire Magic City Casino in Miami, Florida, in a deal that multiple news outlets are saying could be worth $600 million.

“We are excited to grow our footprint in another major metropolitan area, this time in Miami, Florida,” said Stephanie Bryan, tribal chair and CEO of the Atmore-based Wind Creek parent Poarch Band of Creek Indians.  “Our expansions in Pennsylvania, Illinois and now Florida provide us the ability to take care of and grow opportunities for our Tribe. We look forward to becoming a valued partner in the Miami community.”

A purchase price was not disclosed, but the Miami Herald said industry estimates put it at $600 million, which would be the largest casino deal in Florida history.

Southern Florida “is a natural connection” to PCI’s properties in Aruba and Curacao, said Jay Dorris, CEO and president of Wind Creek.

“With close proximity to Miami International Airport, the location is fantastic for players from all Wind Creek properties and gives Miami locals an easy way to experience the Wind Creek brand everywhere we operate.”

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