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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
February 18, 1999
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Date of Report (Date of earliest event reported)
Florida Gaming Corporation
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(Exact name of Registrant as specified in its charter)
Delaware 0-9099 59-1670533
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(State or other jurisdiction (Commission (IRS employer
of incorporation file no.) identification no.)
3500 NW 37th Avenue, Miami, Florida 33142-0000
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(Address of principal executive offices, including zip code)
(305) 633-6400
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Page 1 of 3 Pages
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On February 18, 1999, the Registrant sold to an unaffiliated purchaser
12.99 acres of property located near its Miami, Florida Jai-Alai Fronton for
$3,576,000 cash, net of related expenses, which was equal to its net depreciated
book value. Approximately 80% of the property was used for parking automobiles
when the Fronton first opened. However, all but two acres of the parking space
was no longer needed. There were no structures on the remaining acreage.
The Registrant leased back from the purchaser approximately two (2) acres
of the property for over-flow parking for a term of four years at a rental of
$5,508 per month.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Not Applicable
ITEM 5. OTHER EVENTS.
Not Applicable.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Not Applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Businesses Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits.
Not Applicable
Page 2 of 3 Pages
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FLORIDA GAMING CORPORATION
By: /s/ W. Bennett Collett
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W. Bennett Collett
Chairman of the Board and
Chief Executive Officer
Date: March 2, 1999
Page 3 of 3 Pages
