Company officials say closing the brand new casino is necessary to expedite the company’s $50 million in renovations needed to help Broward’s newest casino compete in the rigorous South Florida gaming market. But the move also comes after the company’s revenue performance was the worst in the region, and its owners were forced to write a check to the state for nearly $400,000 after it under-reported its taxes for three months because of an alleged software glitch.
"We are not shutting down because there are any money problems,’’ said John Lockwood, Tallahassee-based lawyer for the company. "It’s about speeding up our investment in the property. This has nothing to do with the performance of the facility."
Meanwhile, the Division of Parimutuel Wagering could have a say on whether the facility will be allowed to close at all.
The company needs the agency’s approval before it can alter its jai alai schedule and the division is "still reviewing it,’’ said Tajiana Ancora-Brown, spokeswoman for the agency. State law requires that the facility perform a certain number of performances to maintain its permit.