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Florida Governor Symptoms $3-Billion Seminole Tribe Gaming Compact

Florida Governor Symptoms $3-Billion Seminole Tribe Gaming Compact

Late on Monday, Florida Gov. Rick Scott eventually signed a 20-year gambling compact utilizing the Seminole Tribe that would replace the 5-year one that expired on July 31. The announcement in regards to the contract arrived after months of negotiations involving the interested parties.

Underneath the terms of the newest compact, the Seminole Tribe and its particular seven gambling venues across Florida would contribute nearly $3 billion to the state’s coffers within the first seven years. As a swap, the tribe is provided the right that is exclusive feature blackjack also to include roulette and craps at its properties.

The agreement that is new allows the state Legislature to start out talking about the addition of slot parlors at existing pari-mutuel businesses in Palm Beach and Miami-Dade counties. In addition, underneath the regards to the brand new deal, Southern Florida racinos will be offered the chance to request votes on whether they ought to be allowed to feature limited blackjack tables.

Gov. Scott stated in a Monday letter to Senate President Andy Gardiner and House Speaker Steve Crisafulli that the extra revenue of $3 billion while the cap in the gambling choices provided by the tribes can place the fundamentals of a ‘stable and predictable gambling environment’ within Florida’s borders.

Being finalized by Gov. Scott, implies that the agreement will have to be now backed by the House and the Senate. Continue reading Florida Governor Symptoms $3-Billion Seminole Tribe Gaming Compact