Seminole Tribe in FL Gets Approval for more Slots
Wednesday, January 12th, 2011Florida is another state that is working with slots gaming. Legislators have been debating the issue out in past months and there are changes coming about as a result. It is no secret that slots gaming is highly lucrative for any jurisdiction. Cities that bring the games reap the benefits via tax revenue dollars. An increase in slots gaming is already on the table and a signed deal. The Seminole tribe was allowed to increase their own gambling activity and that included bulking up their slot machines at their seven different state locations. The tribal leaders are hoping that the addition of slots will help to increase their own revenues. They have been suffering since the recession and having problems with facing their own financial obligations. It has been hard for them to keep income coming in and they are struggling to keep financially afloat. The increase in slots could bring them the dollars needed to turn themselves around.
Governor Rick Scott has made a change on his gambling stance too. Formerly he was vocal about not wanting an increase in slots gaming. He maintained that the number of slots in the state were already enough and were bringing in adequate income to change the market. Now he’s changing his mind though. The Governor stated that he is willing to adapt to market changes and is ready to increase games as needed. He knows and acknowledges how lucrative the games are. In Florida, gambling expansion is something that all legislators are pushing for. They believe that it is the only thing that will truly turn the market around. The expansion efforts by legislators is going to make a lot of changes. Namely gambling facilities now will have the approval to offer no-limit poker tables and offer bigger numbers of slots games to the public. They also cut the tax rate for existing gaming facilities and expanded the hours of operations thanks to the new gambling laws instilled. The bill to expand further is still on the table and the heavily republican conservative state most likely is going to fight hard to keep gaming changes out. Only time will tell if it goes through or is left for future debate once again.

