|
|
|
 |
Seminoles and Florida Reach Casino Gambling Accord
TALLAHASSEE, FLORIDA --
After several previous misfires, it appears that the state of Florida and the Seminole Tribe have crafted a package both sides can find acceptable for a casino gambling compact. Two earlier efforts were approved by the tribe, but met resistance in the legislature, which balked at guaranteeing tribal casinos long-term gambling exclusivity.
The new deal would last only five years, as opposed to the twenty originally bargained. Under current terms, the Seminoles would pay the state $150 million for each of the first two years, rising to $233 million for the last three.
In exchange, the tribe maintains exclusive blackjack rights in the state for four of its casinos, and continues operating Las Vegas slots at all seven casinos, with exclusivity outside Broward and Dade counties.
``We feel we have an agreement we can take back to our respective chambers,''
Representative Bill Galvano told the Miami Herald. Galvano, a leader in rejecting the earlier deals, cautioned that nothing is final until approved by both branches of the legislature and the tribal council.
By reaching a shorter term for the deal, the legislature keeps its options open in dealing with casino developers like Las Vegas Sands, who have expressed an interest in eventually opening casinos along Florida beaches.
Previous USA Casino News Articles
Post A Comment
|
 |
|
|
|
