Seminole Tribe's lucrative gambling compact with Florida could end if no action is taken
By: Emon Reiser
Florida could lose about $116 million a year if an exclusive deal between the Broward-based Seminole Tribe and the state expires.
The agreement signed in 2009 gave the tribe exclusive rights to conduct card games like blackjack at seven of its facilities, but dries up in July unless Gov. Rick Scott renews the compact, according to the News Service of Florida.
Scott was prepared to sign a new compact, but ran out of time at the end of the legislative session in May. However, getting the legislature’s approval now may be problematic.
Because the economy is rebounding, some legislators don’t feel the compact must be renewed.
Among other developments in the industry since 2009, emerging gambling businesses in Broward and Miami-Dade counties that already operate slot machines want rights to table games like blackjack to better compete the nearby Seminole Hard Rock Hotel and Casino.
Read the full article at our sister paper, the Jacksonville Business Journal.
Emon Reiser covers retail, restaurants, tourism and hospitality. Get the latest retail news with our free daily newsletter. Click here to subscribe.
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