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Jai Alai company history timeline

1976

1976: Lexicon Corp. is formed.

1978

In 1978, a measure to allow casino’s in Dade and Broward county failed by a wide margin.

1979

1979 – Seminole tribe opposes Florida limit on bingo games and opens high-stakes bingo hall in Broward County. (http://news.google.com/newspapers?nid=2206&dat=19791116&id=JtYzAAAAIBAJ&sjid=ZusFAAAAIBAJ&pg=3637,2260353)

1981

1981 – 8 retirees are arrested for playing a low-stakes poker game in their retirement community.

In 1981, the department sued Collett personally, claiming he had stripped Pilgrim of its liquid assets." He reportedly settled the suit for $175,000 two years later.

1986

1986 – Florida voters approve the lottery. (https://results.elections.myflorida.com/Index.asp?ElectionDate=11/4/1986&DATAMODE=)

1988

1988 – The lottery began operations in 1988.

1988 – Federal government passes Indian Gaming Regulatory Act – this act gives the native tribes any form of gambling legalized in the state, and the ability to augment the game by electronic means.

In 1988, Levy created a subsidiary called Sports-Tech, which created a video-editing system for professional and college football coaches.

1989

1989 – Florida legalizes penny-ante poker games in private homes as long as the pot does not exceed $10.

1993

By 1993, the company was on its way to being delisted by the NASDAQ. Lexicon was sold to Freedom Financial Corp., and Levy resigned as both an officer and director of the company.

1994

A referendum calling for the creation of 47 casinos, including the state's 30 parimutuel sites, was on the ballot in the November 1994 election.

1994: Fort Pierce jai-alai facility is acquired; the company changes its name to Florida Gaming Corporation.

1995

In June 1995, the company signed an agreement with Centrum X Corporation, gaining first refusal rights to develop and manage a casino on the Tonkawa Indian Reservation in Oklahoma.

Also in August 1995, Florida Gaming signed an agreement to run a casino for the Ponca Tribe in Douglas County, Nebraska.

1996

1996: Three more jai-alai facilities are acquired.

1997

Pari-mutuel owners again complain that their business is hurt by this competition. (Bell, Maya, “Tracks, Frontons Race to Survive in Post-Lottery World,” Orlando Sentinel, March 9, 1997, Business Section, pg.

In addition, the company attempted in 1997 to become involved in Las Vegas, agreeing to pay $14.5 million for the Bourbon Street Hotel and its shuttered casino, a small property located a block from the famed Las Vegas strip.

Approval for Low-Stakes Poker Rooms: 1997

1998

The NASDAQ also made note of the situation when announcing that Florida Gaming would be delisted in August 1998.

1998: Tampa Jai-Alai is sold.

2000

In fact, the entire jai-alai industry was on the verge of collapse. It was not until August 2000 that the company was able to complete a sale of the fronton.

2000: Ocala Jai-Alai is sold.

2002

In February 2002, Florida Gaming signed an agreement to broadcast its Miami Jai-Alai matches over the Internet, using streaming video.

2003

Poker betting raised to $2, with maximum three-raise limit, in 2003

2004

Voters approved 2004 referendum to allow slot machines in Broward and Dade county betting facilities

2007

In 2007, Governor Charlie Crist signed a compact with the Seminole Tribe of Florida.

2007 – Bet limits at pari-mutuel poker rooms raised to $5 from $2 in limit poker games.

2012

In November of 2012, Lee County voted to allow slots at its Bonita Springs.

Beginning in 2012, as Florida counties continued to struggle with loss of funds due to the Great Recession, county after county began to pass local ballot measures to approve slot machines in their betting parlors.

2013

2013 – Spectrum Gaming Group released a report, commissioned by the Florida Legislature at a cost of $388,000 to assess the state’s gambling market.

2015

After 2015, when the tribe’s 5-year blackjack agreement came to an end, things got much more tense with the state and tribe.

2016

The final county to approve slots, also in 2016, was Duval County.

2017

Eventually, a lawsuit between the tribe and Governor Scott was settled in 2017 that would allow blackjack to continue in the state, with payments from the tribe continuing.

2018

In 2018, Florida’s Constitutional Revision Commission put a measure before the ballot that would ban wagering on live dog racing.

However, the decoupling bill allowed former greyhound tracks (closed due to the 2018 amendment), the jai alai centers, and standardbred horse racing tracks to continue gaming without running races/games.

Opponents of gambling – many of who backed Amendment 3 in 2018 – argue the legalization of sports betting is an expansion of gambling that Amendment 3 mandates voters approve of.

2019

Things came to a head when the tribe announced in 2019 it would stop making payments to the state due to its failure (as backed up by a judicial ruling) to enforce the tribe’s right to exclusive blackjack gaming in Florida.

2021

Finally in April of 2021, Governor DeSantis and the Seminole Tribe came to an agreement on a new gambling compact.

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Founded
1976
Company founded
Headquarters
Miami, FL
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Jai Alai history FAQs

Zippia gives an in-depth look into the details of Jai Alai, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Jai Alai. The employee data is based on information from people who have self-reported their past or current employments at Jai Alai. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Jai Alai. The data presented on this page does not represent the view of Jai Alai and its employees or that of Zippia.

Jai Alai may also be known as or be related to FLORIDA GAMING CORP, Florida Gaming, Florida Gaming Corp. and Jai Alai.