$1 billion Gambling Compact with the Seminole Tribe

article-img
07 Apr 2010
$1 billion Gambling Compact with the Seminole Tribe

This Tuesday, the Governor of Tallahassee, Florida, Charlie Crist has announced a pact with the Seminole Tribe which is worth $1 billion and is aimed at expanding the local gambling business. In fact, this is the third attempt of Crist to come to agreement with the Seminoles. The first ones were rejected by the Florida Supreme Court and by the legislators.

This step is really very important for the state of Florida because it will allow not only create new jobs, but also raise money for education. It is expected that the educational system can gain up to $435 million this year only.

According to the agreement, the Seminole Hard Rock Casino situated in the Tampa Bay area will be allowed to install Vegas-style slot machines as well as baccarat and blackjack tables. The changes also concern the betting limits and working hours of the local dog and horse tracks.

The Tribe will be given the exclusive right to operate blackjack, chemin de fer, and baccarat in 5 out of 7 casinos. Four Tribal casinos outside Miami-Dade and Broward counties will be allowed to operate Class III slot machines. In its turn, the Tribe guarantees that the state will receive $1 billion over 5 years and also will get 10% of net revenue for the next 15 years.

Florida legislators also has agreed to cut the tax rate for dog and horse tracks in Miami-Dade and let the parimutuels outside Miami-Dade and Broward install lottery tickets vending machines and bingo-style machines. The working hours and betting limits of all parimutuels will be expanded.

Back to news list
Top 5 Casinos
top-casino
Casinocom Play
top-casino
Jackpot City Play
top-casino
Party Casino Play
top-casino
Playamo Play
top-casino
Sloty Play

Popular articles

news

21 Blackjack Watch Has More Than Time to Show

A famous Swiss brand Christophe Claret presented one of its new unique models of watches called 21 BlackJack.

news

FreeCasinoGamesDoc.com Launched!

New FreeCasinoGamesDoc.com offers the visitors to try popular blackjack, slots and roulette variations for free, no download required!

Recomended Blackjack online casinos

slide
Score 9.2
Bonus 1000$
Payment visa
Review Play
slide
Score 7.9
Bonus 1600$
Payment visa
Review Play
slide
Score 6.6
Bonus 1500$
Payment visa
Review Play
slide
Score 8.6
Bonus 800$
Payment visa
Review Play
slide
Score 8.1
Bonus 800$
Payment visa
Review Play
slide
Score 8.1
Bonus 800$
Payment visa
Review Play
slide
Score 8.1
Bonus 800$
Payment visa
Review Play