Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact

Florida Governor Signs $3-Billion Seminole Tribe Gaming Compact

Late on Monday, Florida Gov. Rick Scott ultimately finalized a 20-year gambling compact with the Seminole Tribe that would replace the 5-year one that expired on July 31. The announcement about the contract arrived after months of negotiations involving the parties that are interested.

Underneath the terms of the new lightweight, the Seminole Tribe and its own seven gambling venues across Florida would add nearly $3 billion towards the state’s coffers inside the first seven years. In trade, the tribe could be granted the right that is exclusive feature blackjack and to add roulette and craps at its properties.

The agreement that is new enables their state Legislature to start out discussing the addition of slot parlors at current pari-mutuel businesses in Palm Beach and Miami-Dade counties. In addition, under the regards to the new deal, South Florida racinos could be given the chance to request votes on whether they must certanly be allowed to feature limited blackjack tables.

Gov. Scott stated in a Monday letter to Senate President Andy Gardiner and home Speaker Steve Crisafulli that the excess income of $3 billion and also the cap in the gambling choices made available from the tribes can put the foundations of the ‘stable and gambling that is predictable’ within Florida’s edges.

Being signed by Gov. Scott, implies that the contract will have to be now supported by your house as well as the Senate. The Senate’s lead negotiator expressed optimism about the ultimate success associated with compact that is 20-year. (more…)

Continue Reading

Olympic Entertainment Group to get Rival AS MC Kasiinod

Olympic Entertainment Group to get Rival AS MC Kasiinod

Estonia-headquartered casino operator Olympic Entertainment Group (OEG) announced that its subsidiary Olympic Casino Eesti AS will purchase Estonian gambling company AS MC Kasiinod, which also owns provider of casino bar services OÜ Oma & Hea today. OEG told media that the goal of its latest acquisition is to boost its market share in Estonia.

After the transaction is finished, OEG will handle a complete of 24 gambling facilities across the country. Presently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those function as much as 160 slots. Last year, the gambling operator created revenue that is overall of million and had about 65 people working at the 4 properties. The nominal value of AS MC Kasiinod’s share capital is just a a bit more than €1 million. The parties that are involved maybe not reveal the deal’s reward.

The proposed acquisition happens to be subject to regulatory approval. The Estonian Competition Authority will need to give the light that is green the sale in order for that it is completed in prompt manner. OEG said that the 4 gambling enterprises being become obtained will need to be brought into conformity using the organization’s quality criteria within a 12 months following the completion associated with transaction. All four of them shall then be rebranded as casino-bonus-free-money.com Olympic Casino.

Ahead of MC that is buying Kasiinod OEG’s subsidiary Olympic Casino managed 20 gambling enterprises across Estonia. (more…)

Continue Reading
Close Menu
0933 629 829