New Seminole Compact Signed by Governor Scott

Florida Governor, Rick Scott announced that he agreed on a $3 billion new Seminole compact.

Gov. Rick Scott and the Seminole Tribe of Florida have finally agreed on a deal that would resolves the troubles with blackjack tables. If the Florida Legislature approves it the new Seminole compact will allow the tribe to continue offering blackjack at seven of their casinos. In his announcement Scott proclaimed it the “largest revenue share guarantee in history” as the new Seminole compact will generate $3 billion to the state.

Limits and permits in the new Seminole compact

It is “three times the prior compact guarantee of $1 billion,” added Scott. The parties also agreed to introduce some limits on gambling, including the number of slot machines and card game tables. In exchange, Seminole Casinos will hold the exclusive rights over the operation of blackjack, craps and roulette tables. “It is my hope that this compact can be the foundation of a stable and predictable gaming environment for the state of Florida,” stated the governor.

The new Seminole compact would expand gambling in Florida

The new Seminole compact would allow the establishment of a new gambling venue with slot machines. Furthermore, the document would also permit slot machines and blackjack with limitations at a number of South Florida racetracks. “In its current form, this agreement would significantly expand gambling both on and off tribal property and we cannot support it,” responded John Sowinski, head of the Orlando-based No Casinos anti-gambling expansion group. “This is a good, fair deal for the taxpayer that will provide money for health care, transportation, education and other core services,” contended State Senator Rob Bradley, chairman of the Regulated Industries Committee.