Friday, September 19, 2008

Fla. Gaming Corp. Settles Insurer Lawsuit

Florida Gaming Corp. reported Friday that FGMG settled a lawsuit against Affiliated FM Insurance Company for a total of $8,500,000.

The claim resulted from damages caused by Hurricane Wilma in October, 2005.

FGMG incurred legal and professional expenses related to the settlement of approximately $1,275,000.

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