Seminoles<\/a> agreed to pay the state $3 billion over seven years in exchange for the exclusive right to offer craps and roulette, which would compensate them for the loss of exclusivity on banked games proposed by the new bill.<\/p>\nThe legislature may be more inclined to accept what would essentially be the biggest casino revenue-share deal in the US now that the Seminoles have gained the upper hand in the courts, and Galvano is hoping the tribe will play ball.<\/p>\n
Death by a Thousand Amendments <\/b><\/h2>\n
“I know that we have to create a new agreement with the tribe,\u201d Galvano, who was one of the main architects of the 2010 compact, told The News Service of Florida. \u201cBut now we have a basis for them to know what’s coming and to negotiate on the components of something, as opposed to sending a compact to us only to have a death by a thousand amendments. That’s what I want to avoid.”<\/p>\n
SB 8 would also authorize decoupling for racetracks, which would mean horse and dog racing operators would not be required to run live races and instead could offer other forms of gambling, like slots. It would also create a regulatory framework for DFS contests.<\/p>\n
“To effectively address an issue like gaming that involves an almost century-old industry and a sovereign within our own borders, it has to be rolled out procedurally correct,\u201d said Galvano. \u201cThe bill that has been filed is comprehensive on the industry side. It really includes most everything that has been discussed of late.”<\/p>\n","protected":false},"excerpt":{"rendered":"
An ambitious new gambling bill, SB 8, presented to the Florida Senate this week by Senator Bill Galvano (R-Bradenton), proposes wide-ranging reforms that would include the expansion of slot machines into counties where they have voter approval. It would also permit pari-mutuel venues to run blackjack games, previously a preserve of the Seminole tribe, which […]<\/p>\n","protected":false},"author":42,"featured_media":43776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,61],"tags":[],"acf":[],"yoast_head":"\n
Florida Gets Giant Gambling Reform Bill to Chew On<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n