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 ultimately finalized a 20-year https://casino-bonus-free-money.com/lucky-nugget-casino/ gambling compact with all the Seminole Tribe that will change the 5-year one that expired on July 31. The announcement in regards to the contract arrived after months of negotiations involving 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. In exchange, the tribe would be granted the exclusive straight to feature blackjack and to add roulette and craps at its properties.

The brand new agreement additionally allows the state Legislature to start out speaking about the addition of slot parlors at current pari-mutuel companies in Palm Beach and Miami-Dade counties. In addition, underneath the terms of the deal that is new South Florida racinos will be provided the opportunity to request votes on whether or not they should really be permitted to feature limited blackjack tables.

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

Being signed by Gov. Scott, means the contract will are in possession of to be supported by the House and also the Senate. Continue reading Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact