by: Gene Koprowski.
Florida's Republican Gov. Charlie Crist this week signed
into law a measure to expand gambling at Seminole Tribe of Florida
casinos in exchange for at least $150 million a year, after a
years-long battle.
The pact must still be approved by the tribe, which operates casinos on seven reservations around America's fourth-largest state.
The deal guarantees Florida at least $150 million a year and an additional percentage of profits if gambling revenue surpasses $2.5 billion.
Revenue will be funneled into the state's education trust fund, a stipulation made to salve the wounds of gambling critics.
The 15-year deal allows the tribe to continue to have Las Vegas-style slot machines and blackjack, chemin de fer and baccarat at its three facilities in Broward County and one near Tampa. The tribe would be limited to slot machines only at its remaining four Florida spots
"I am grateful to the Florida Legislature and the Seminole Tribe of Florida for their desire to provide much-needed funds for the children of our state," Crist said. "A ratified agreement will provide much needed revenue."
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