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Florida tribes win with bingo slots25 July 2007TAMPA, Florida -- As reported by the Cape Cod Times: "...The Seminole and Miccosukee tribes are bending gaming rules to their limits with the bingo slots, which look and act a lot like regular slot machines, and making a fortune — $1.6 billion last year alone. And the state of Florida does not get a cent. "...And while the Seminole have no revenue-sharing agreement with the state, it does compensate one of its host cities. When the tribe built a casino in Coconut Creek, it agreed to pay the city $1 million a year. That was recently increased to $1.6 million a year. "When Florida refused to let the Seminole open Class III casinos, the tribe turned to bingo slots. It now operates seven such casinos, which are largely responsible for the tribe's success. "...The Seminole casinos have no table games such as blackjack or roulette, but most casino revenues — more than 70 percent — come from slot machines. Had Florida officials negotiated for 25 percent of slot and table game revenue generated at Indian-run casinos, last year the state would have received almost $400 million..." |