Sale of Pari-Mutuel Racetrack in Texas

Pari-Mutuel Racetrack
Counsel regarding sale of pari-mutuel race track in Corpus Christi, Texas. The sale included a potential additional payment contingent upon the Texas legislature's authorization of the use of slot machines in pari-mutuel race tracks.
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Alan D. Axelrod
Chair, Corporate & Finance
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Experience
Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional finan...
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Appointed tax counsel to SunCruz Casinos LLC, a "cruises to nowhere" gaming business, in its chapter 11 bankruptcy proceeding.
Experience
Representation of developers in $1 billion redevelopment of Hialeah Race Track and nearby town center adjacent to Hialeah Metrorail site.
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