Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact
Later on Monday, Florida Gov. Rick Scott fundamentally signed a 20-year gambling compact with the Seminole Tribe that will change the 5-year one that expired on July 31. The statement about the agreement arrived after months of negotiations between the interested events.
The Seminole Tribe and its seven gambling venues across Florida would contribute almost $3 billion to the state’s coffers within the first seven years under the terms of the new compact. As a swap, the tribe would be issued the exclusive straight to feature blackjack and also to add roulette and craps at its properties.
The agreement that is new enables their state Legislature to begin speaking about the addition of slot parlors at existing pari-mutuel businesses in Palm Beach and Miami-Dade counties. In addition, under the terms of the brand new deal, Southern Florida racinos would be given the opportunity to request votes on whether they should be permitted to feature limited blackjack tables.
Gov. Scott said in a Monday page to Senate President Andy Gardiner and House Speaker Steve Crisafulli that the additional income of $3 billion plus the limit regarding the gambling options provided by the tribes can put the fundamentals of the ‘stable and gambling that is predictable’ within Florida’s borders.
Being signed by Gov. Scott, ensures that the agreement will have to be now supported by your house plus the Senate. The Senate’s lead negotiator indicated optimism about the eventual success of this compact that is 20-year. […]