Casino Miami Jai-Alai, an $87 million casino expansion of Miami Jai-Alai, celebrates its opening Wednesday, January 25th, 2012, with a ribbon cutting ceremony at 5:00 p.m.; doors open to the public immediately after. The new 40,000 square foot expansion project boasts a variety of entertainment options including: a state of the art casino featuring 1,050 Las Vegas style slot machines; Poker and Dominoes; a renovated Jai-Alai venue; dining facilities; live shows and entertainment.

Florida Gaming Corporation's Chairman, William B. Collett stated, "the successful construction and development of Casino Miami Jai-Alai is a result of the cooperative efforts of dedicated employees, committed management team, contractors, vendors and countless others who worked in tandem to ensure this day would come to fruition."

On opening day, consumers can not only be part of the historic opening of the expanded facility of what is now Casino Miami Jai-Alai, but they can be among the exclusive first to sign up for the Viva Club, a unique player's club that offers up to $50 of free slot play at the time of sign up.

"The opening of Casino Miami Jai-Alai represents a major economic boost to the city of Miami with the addition of over 350 new jobs to the local community," states Daniel J. Licciardi, Executive Vice President and COO for Florida Gaming Corporation. "We are proud to be part of this dynamic community that we all love. Our privately funded expansion marks a major turning point for economic redevelopment and revitalization of our neighborhood."

Casino Miami Jai-Alai has undergone an impressive expansion with an $87 million private sector investment. In addition to housing Miami's legendary Jai-Alai fronton, Casino Miami Jai-Alai adds a 40,000 square foot state of the art casino, an expanded Poker Room, Dominoes, live shows such as concerts and boxing, a new restaurant and four full-service bars, including two that will feature live music!

Casino Miami Jai-Alai

Casino Miami Jai-Alai is owned by Florida Gaming Corporation (OTCBB: FGMG.OB) ("FGMG" or the "Company"), and operated by Miami Casino Management, LLC. It is a premier entertainment center in Miami, FL, offering gaming and the sport of Jai-Alai under one roof since 1926. Visit www.CasinoMiamiJaiAlai.com.

Forward-Looking Statements

This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, financing sources, development and construction activities, costs and delays, weather, permits, competition and business conditions in the gaming industry. The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein. Additional information concerning potential factors that could affect the Company's financial condition, results of operations and expansion projects, is included in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, its Form 10-K for the most recently ended fiscal year.

Florida Gaming Corporation:
Rene W. Guim
305-633-6400 ext. 2016, Office
305-710-2545, Mobile
rguim@casinomiamijaialai.com
or
Additional Media Contacts:
Yvonne Lorie
786-433-4087, Office
305-546-3688, Mobile
yvonne@mgscomm.com
or
Ariel Garcia-Linares
786-433-4101, Office
305-989-2780, Mobile
ariel@mgscomm.com