Florida Agrees $3.1 Billion Deal with Seminoles

Florida Agrees $3.1 Billion Deal with Seminoles

Florida governor Rick Scott hails the largest rev-sharing that is tribal history as dispute with Seminoles is put to bed.

The Seminole Tribe’s political standoff with Florida governor Rick Scott was finally resolved this week following a deal which will see the Seminoles pay $3.1 billion to the state over seven years in return for the right to offer craps and roulette.

It is thought to be the biggest tribal rev-share agreement in the usa, dwarfing the cut received by the state beneath the terms of the previous contract.

Florida inked a deal utilizing the Seminoles this season which offered the tribe exclusivity on blackjack in the state in exchange for $1 billion, spread over five years.

The deal also prevented the expansion of slots gambling beyond that which already existed at a handful of pari-mutuel racetracks, offering the Seminoles a stranglehold on the slots market.

This contract expired on August 1 this year, and the two parties have been negotiating ever since.

No Expansion for 20 Years

The Seminoles, who own seven properties within the Sunshine State, will be prohibited from expanding their operations for a period of twenty years. Even though gaining the straight to offer craps and roulette, the operator that is tribal relinquish its monopoly on blackjack and slots.

This allows the expansion of blackjack into the Miami-Dade and Broward racinos and as much as 750 slots at other venues such because the Palm Beach Kennel (more…)

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Full Tilt Going to Steam to cultivate Poker Player Base

Full Tilt Going to Steam to cultivate Poker Player Base

Full Tilt Poker is coming to Steam, the poker network gambling that casual and gamers that are social the city will eventually make the transition to real-money play.

Complete Tilt Poker is coming to the Steam marketplace, the software approval that is receiving being vetted by the activity gaming circulation platform’s community of users. Over 125 million gamers strong, Steam will begin Full that is offering Tilt play-money item sometime before the latest 12 months strikes.

Steam provides over 6,400 streaming games to buy and free play through its software that can be accessed on computer systems or standalone hardware.

‘Full Tilt is now greenlit and we wished to express our thanks to the Steam community for all your votes cast to get us there,’ the poker system posted in the community forum. ‘It’s been a great procedure and we have been looking forward to bringing you the full Full Tilt Poker.NET expertise in the very near future.’

Social Affair

Full Tilt parent and Amaya CEO David Baazov revealed during a current conference call with investors that the poker network accounts for just three percent of the overall market. On the other hand, its network that is sibling, has a 68 per cent stronghold, according to Amaya’s assessment.

Making use of the enormous gaming that is social could pay dividends for Full Tilt if it’s able to attract more old-fashioned video gamers.

‘The opportunity to introduce our game to the mi (more…)

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