Gaming

Two Houses Process to Sign Multi-billion Deal to Reshape Gambling

There is promising news for Florida casino players and gamblers. Gov. Ron DeSantis and GOP- will be soon signing the multi-billion deal to shape the gambling industry in Florida, which is turning out to be the landmark for the gambling industry.

Once the state lawmakers sign the most anticipated gaming bill during the session starting from Monday, it will invite sports betting in Florida and expand the overall casino game using tribal facilities. I consider this sign politically motivated; then, it will be a sign of victory for DeSantis, a Republican. He was waiting for something to happen this long time through Gov. Rick Scott, who couldn’t accomplish the same. DeSantis believes that once the gaming industry kicks off will bring in $2.5 billion cash every year in Florida for the next five years.

Opponents Clash

Although the Republican minister is quite happy with this deal, the happiness will be short-lived as opponents are already preparing to drag ministers to the court for the pending deal. Opponents claim that the sign would violate the state’s rule, which says that voters should approve any upcoming casino gambling bill.

Before the hearing starts, the governor and all the Republicans should be able to deal with the behind-the-scenes situation, which includes lobbying. One prominent name is DraftKings, a leading gambling sports company to fight against the bill. State legislators also feel that this bill will open the door to upcoming casinos.

During the last legislative session, DeSantis successfully scored a high profile where he highlighted credentials, which includes the anti-riot bill and bringing down Big Tech companies. This bill will give him a multi-billion economic win.

Gambling in Florida is banned, but there has been acceptance leading to loopholes over the past few years. Decades back, the state added its own set of lottery and slot machines. This latest deal will last for 30 years bringing significant wins for the Seminole Tribe of Florida, operated casinos including Hard Rock Hotel & Casino.

Jim Allen, the CEO of Seminole Gaming, named this deal an important one between the two big names. Similarly, many lobbyists and lawmakers concede that this agreement is likely to pass.

Edna Boykin

Edna Boykin started her career as a financial news writer. And, she was withal active in stock trading. From the commencement of her vocation, she is passionate about online poker games. As she likes to play poker and roulette, she knows the casino industry exhaustively. She recently joined Times of Casino as a news writer. She regularly contributes in-depth breaking stories and news updates of the casino industry.

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