Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact

Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact

Late on Monday, Florida Gov. Rick Scott eventually finalized a gambling that is 20-year utilizing the Seminole Tribe that will change the 5-year one that expired on July 31. The statement in regards to the contract came after months of negotiations between the 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 trade, the tribe is given the exclusive right to feature blackjack casino-bonus-free-money.com and also to include roulette and craps at its properties.

The brand new agreement additionally allows their state Legislature to start out discussing the addition of slot parlors at existing pari-mutuel businesses in Palm Beach and Miami-Dade counties. In addition, under the regards to the brand new deal, South Florida racinos would be given the chance to request votes on if they is allowed to feature limited blackjack tables.

Gov. Scott said in a Monday letter to Senate President Andy Gardiner and House Speaker Steve Crisafulli that the excess revenue of $3 billion and the cap on the gambling options offered by the tribes can put the foundations of a ‘stable and gambling that is predictable’ within Florida’s boundaries.

Being finalized by Gov. Scott, means that the contract will now have to be backed by your house therefore the Senate. The Senate’s lead negotiator expressed optimism in regards to the eventual success of this 20-year lightweight. Read more