 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
|
Gaming News
Florida tribal slot deal expected soon14 November 2007TALLAHASSEE, Florida -- As reported by the Miami Herald: "Gov. Charlie Crist is expected to announce a deal Wednesday with the Seminole Tribe of Florida allowing Las Vegas-style slot machines and card games at its Hard Rock casino in Hollywood and six other sites, in exchange for $100 million or more in annual cash. "The deal satisfies the U.S. Department of Interior's Thursday deadline for the governor to complete negotiations with the tribe. "It also satisfies the governor's need for a piece of good economic news on Wednesday, when state economists are expected to forecast a $2 billion budget shortfall in 2007 and 2008 -- the worst economic outlook in more than a decade. "Under the pact, revenue sharing by the Seminoles with the state would grow each year, depending on the success of the games, but the tribe would guarantee a minimum of $100 million each year..." |