Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact
Late on Monday, Florida Gov. Rick Scott ultimately finalized a gambling that is 20-year aided by the Seminole Tribe that would replace the 5-year one that expired on July 31. The announcement about the contract came after months of negotiations between the parties that are interested.
Underneath the terms of the latest lightweight, the Seminole Tribe as well as its seven gambling venues across Florida would add very nearly $3 billion to the state’s coffers within the first seven years. In exchange, the tribe is awarded the right that is exclusive feature blackjack and also to add roulette and craps at its properties.
The new contract additionally permits the state Legislature to start speaking about the addition of slot parlors at existing pari-mutuel organizations in Palm Beach and Miami-Dade counties. In addition, under the regards to the deal that is new Southern Florida racinos would be offered the opportunity to request votes on whether they should be allowed to feature limited blackjack tables.
Gov. Scott stated in a Monday page to Senate President Andy Gardiner and House Speaker Steve Crisafulli that the additional revenue of $3 billion as well as the cap in the gambling choices provided by the tribes can put the fundamentals of the ‘stable and predictable gambling environment’ within Florida’s borders.
Being signed by Gov. Scott, ensures that the contract will now have become backed by your house while the Senate. Read More