Deadline Nears for Indian Gaming Compact Deal
October 8th, 2007 by flanewsThe state and the Seminole Tribe are working to meet a deadline of October 15th from the federal government on a gambling compact.� An agreement would allow slot machines and some table games, but not roulette or craps, at Indian casinos.� The state would receive a minimum one-time payment of $50 million and minimum payments of $100 million every year.� But the tribe�s attorney says a deal would likely bring the state a lot more, maybe $1 billion dollars over five years.� But the state and the tribe still have some differences.
�It�s the issue�of when, of what stages, and how much will be distributed to the state,” said Barry Richard, the tribe’s attorney.� “So for example, the amount that the state, the percentage of revenue that the state gets, changes as we reach certain plateaus, the percentage increases so that the state�s percentage gets higher.� And it also increases over time.
The Department of the Interior has given Florida and the Seminole Tribe a deadline of October 15th.� But the tribe�s attorney says that deadline is not a hard and fast one, provided that the state and the tribe continue to show progress in their talks.
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