Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact

Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact

Later on Monday, Florida Gov. Rick Scott ultimately finalized a 20-year gambling compact with all the Seminole Tribe that would change the 5-year the one that expired on July 31. The announcement concerning the contract came after months of negotiations between your interested parties.

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. In exchange, the tribe will be awarded the exclusive straight to feature blackjack and to add roulette and craps at its properties.

The brand new gamblingrosecasino.co.uk agreement also allows their state Legislature to start speaking about the addition of slot parlors at current pari-mutuel organizations in Palm Beach and Miami-Dade counties. In addition, beneath the terms of the deal that is new South Florida racinos could be offered the opportunity to request votes on if they should be allowed to feature limited blackjack tables.

Gov. Scott stated in a Monday page to Senate President Andy Gardiner and home Speaker Steve Crisafulli that the extra revenue of $3 billion while the cap regarding the gambling options offered by the tribes can place the foundations of a ‘stable and predictable gambling environment’ within Florida’s borders.

Being signed by Gov. Scott, means that the contract will are in possession of to be backed by the House therefore the Senate. The Senate’s lead negotiator expressed optimism in regards to the eventual success of the compact that is 20-year. (more…)