You’ve heard the rumors – who owns Magic City Casino? The truth is, it’s not a secret.
Magic City Casino is owned by a company that’s generating big profits every year.
Find out what amenities the casino offers and the current revenues and profits it’s bringing in.
Key Takeaways
- Magic City Casino has had several owners since opening in 2007, with the current owner being West Flagler Associates LLC.
- The current owner is focused on using the casino’s profits to help the local economy and improve the casino.
- Magic City Casino offers a wide variety of amenities, including slot games, poker tables and tournaments, and exciting wagering opportunities on various tracks.
- The casino has seen increased revenues and profits in recent years, and is committed to remaining competitive, investing in new technologies and training programs, and providing the best customer experience.
Current Owner: Profits
You might be wondering who owns Magic City Casino. It’s a question that has changed over time, as the Miami casino has seen several owners since it opened its doors in 2007.
Let’s take a look at the historical timeline of ownership of Magic City Casino to understand who has been in control over the years.
Historical Ownership Timeline
Magic City Casino has had a few different owners over the years. Dealing with debt has been a common theme throughout its ownership, with the casino’s first owner emerging from bankruptcy in 2009.
The casino was then bought by Flagler Dog Track, a subsidiary of West Flagler Associates, which saw the casino’s cultural impact on the area as a top priority.
Following that, West Flagler Associates was sold to Magic City Casino’s current owner, West Flagler Associates LLC, in 2013. This new owner has been focused on using the casino’s profits to help the local economy, as well as putting money into the casino itself to help make it a more attractive entertainment destination.
About the Casino: Amenities
At Magic City Casino, you can enjoy the thrill of slots with a variety of games and prizes. Take a seat at the poker tables and enter tournaments. Or bet on races at the tracks.
There’s something for everyone at Magic City Casino – come experience it for yourself!
Slots: Games & Prizes
The slots at Magic City Casino offer an exciting selection of games and prizes. With virtual slots, you can enjoy the thrill of playing without ever leaving your home. But you can also win real prizes if you’re lucky enough!
Magic City Casino has an array of machines, from classic slots to the newest and most innovative games. They also have a variety of jackpots and bonus rounds, giving you even more chances to win. Whether you’re a beginner or an experienced pro, there’s something here for everyone.
Plus, with new games added all the time, you’ll never get bored! So come on down and see what magic awaits you at Magic City Casino.
Poker: Tables & Tournaments
Poker players have plenty to look forward to at Magic City Casino. Whether you’re a low-stakes or high-stakes player, there’s something for everyone. You can find cash games and tournaments with buy-ins ranging from affordable to high-stakes. There is also a variety of poker variants, such as Texas Hold’em, Omaha, and more. The friendly staff and comfortable seating in a great atmosphere make for an enjoyable experience. Additionally, there are exciting promotions for players of all levels. No matter your skill level, you’ll find plenty of options to play and win at Magic City Casino. So come on down and join the fun!
Races: Tracks & Wagering
Head over to Magic City Casino for an exciting day at the races! Here you can find all kinds of exciting wagering opportunities and a variety of tracks to bet on. You can even get betting tips right from the professionals at the casino. To make sure that the races are fair, the horses’ lineage is carefully monitored and only the best and most qualified horses are used.
| Betting Tips | Horse Breeding |
|---|---|
| Get tips from professionals | Careful lineage monitoring |
| Place bets strategically | Only qualified horses used |
| Don’t be afraid to take risks | High standards maintained |
Current Revenues & Profits
Recently, Magic City Casino has seen an increase in both revenues and profits. The main sources of revenue are lottery profits, entertainment costs, gambling revenues, and hotel and restaurant sales.
Lottery profits have risen due to an increase in ticket sales. Entertainment costs have decreased due to more efficient operations. Gambling revenues have increased due to new gaming machines. Hotel and restaurant sales have risen due to more customers.
The increased revenues have led to a surge in profits for the casino. These profits have been reinvested in new games, better customer service, and enhanced amenities. As a result, customers are having a more enjoyable experience and returning more frequently.
Magic City Casino is also looking to the future and investing in new technologies and marketing strategies to help the casino remain competitive. With the increased profits, the casino is able to expand its offerings and attract more customers. Additionally, the casino is looking to invest in new training programs for employees to maintain high standards of customer service.
Overall, Magic City Casino has seen its revenues and profits increase in recent years. The casino is investing in new technologies and training programs to ensure it remains competitive and provides the best possible customer experience. This is a positive sign of the casino’s future success.