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Seminoles get $1 billion blackjack deal

July 07, 2010

A deal has been made and soon the Seminole tribe of Florida will soon be offering visitors something new. The law was signed yesterday allowing the 5 land based casinos to operate blackjack and other games. The law will allow the tribe to operate these games until 2014.

Previously proposed laws had been rejected in the past by either the governor's office or by tribal leaders. It has taken many years to come to a compromise.

The tribe will now be allowed to offer their visitors table games such as blackjack, Caribbean Stud Poker, baccarat, and Pai Gow. Slot machines will also be provided. However, not in Miami-Dade or Broward Counties.

The tribe will pay in the first year $150 million to the state of Florida. An additional $230 million plus payments in the following three years. As well as an addition 25% of revenues if the casinos meet fiscal targets.

Return to Florida Casinos.

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