BUSINESS

Crist signs $1bn Seminole gambling bill

TAGs: Seminole Tribe, Senate Bill 622

Crist has come

Crist has come

Governor Charlie Crist signed Senate Bill 622 into law on Wednesday finalising an agreement between Florida and the Seminole Tribe that could pump $1.2 billion into state coffers over the next five years. The law gives the Seminole Tribe exclusive rights to operate Class III gaming — blackjack, baccarat and roulette — for five years and Vegas-style slot machines outside of South Florida for 20 years. In exchange, the state will get $435 million this year and at least $1 billion over the next five, which will be earmarked for education. Who was it said gambling was bad for kids? Read more.

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