casinos free online It accused the gaming regulator of having convinced Wynn to reduce its offer. The company argued that the commission presented a valuation based on what the property would have been worth if a large retailer had bought it, and Wynn was happy to be able to save millions of dollars to buy the land. It had already been paying $100,000 a month for years in order to get FBT to not sell the property to anyone else, and didn’t want to shell out more than it had to..FBT, which purchased the property in 2009 for $8 million, acknowledges that the $35 million is fair market value for a retailer, but that felt it deserved to be paid more because the land was ultimately used for a casino. However, a judge disagreed this month, dismissing the case and sending FBT away empty-handed. The judge said that the company couldn’t have known that the property would be used for a casino when it purchased it, because casinos weren’t legal in the state at that time. FBT will have to survive off the $27 million it earned after flipping the property a few years following its purchase, as well as the $100,000 in free cash it added each month for years to lock in the sale..
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