Progress emerges on compact to trade stagnant permits for new slots licenses
Florida lawmakers have inched closer to renewing a 20-year, multi-million dollar gaming compact with the Seminole Tribe of Florida by allowing owners of declining parimutuels to sell their permits to others who want to install slot machines at newer facilities outside of South Florida.
Sen. Bill Galvano, R-Bradenton, and Rep. Jose Felix Diaz, R-Miami, have been actively negotiating with the Tribe and the governor’s office on a new gaming compact after a portion of the current one expired in October 2015, but the state can’t count on the revenue just yet.
Progress is so close the Senate has started starting drafting a bill but then canceled a meeting to hear the plan this week and will hear it later this month when lawmakers return to Tallahassee for pre-session hearings, Galvano told the Herald/Times.
For the first time in years, House leaders appear ready to allow some expansion of slot machines outside of Miami-Dade and Broward counties to appease members from industry-heavy districts. But, in return, they are also abiding by House Speaker Richard Corcoran’s wishes to contract gaming that will lead to a net reduction of live, active permits throughout the state.
The idea, said Diaz, is to allow owners of stagnant dog track or jai-alai fronton operations to sell their live gaming permits to others seeking to obtain a slots license, and to “put the dormant permits out of their misery.” More here.