Gov. Charlie Crist and legislative leaders announcedair Shox R3 Ordinary their $1 billion gambling compact with the Seminole Tribe on Tuesday, saying the long-sought agreement would inject needed cash into Florida's budget and free the tribe to create jobs as it expands its gambling empire. ``This really bodes well for the future of Florida,'' Crist said at a news conference, air Shox R4 Fangleadding that he hoped lawmakers would use the estimated $435 million this year for education. ``The compact will help improve the quality of life for all Floridians, and it could benefit the tribe and all our entire state.'' The agreement, finalized Friday, is expected to be approved by the tribal council Wednesday morning in Hollywood,air Shox R4 Kid signed by Crist later in the day, and ratified by the House and Senate as early as Thursday. It is the third time in three years the parties have negotiated a plan to give the Seminoles exclusive operation of some casino games in exchange for a revenue-sharing air Shox R4 Large Hookplan that would benefit the state. A 2007 agreement between Crist and the tribe was invalidated by the Florida Supreme Court, and a second attempt negotiated in August was rejected by legislators. Now, the timing is no accident. Legislators need the cash as they begin toair Shox R4 Line fill a $3.2 billion budget hole and settle their differences over the House and Senate budget proposals. The tribe also had an incentive to complete the compact. air Shox R4 Men ShoesIt will lose its most powerfully ally -- the governor -- after this year because Crist is running for the GOP nomination for U.S. Senate. ``It's been a long journey,'' said Mitchell Cypress, chairman of the Seminole Tribe. ``The governor has been working with us since '07. I know they've attacked and thrown arrows at him but . . . I think everybody will benefit as well as the Seminole Tribe.'' THE TERMSair Shox R4 Mesh Under the agreement, the state will give the tribe the exclusive operation of blackjack,air Shox R4 Perforation baccarat and chemin de fer at five of its seven casinos and the exclusive operation of Class III, Las Vegas-style slot machines at its four casinos outside Miami-Dade and Broward counties. In exchange, the tribe will guarantee the state $1 billion over five years, and up to 10 percent ofair Shox R4 Plating its net revenue on its exclusive games for 15 years after that. As legislators ratify the compact, they have also agreed to help the tribe'sair Shox R4 Plating Air Cushion competitors by: ? Lowering the tax rate for horse and dog tracks and jai-alai frontons in Miami-Dade and Broward toair Shox R4 PU 35 percent from 50 percent. ? Allowing the 19 parimutuels outside Miami-Dade and Broward to install up to 350 bingo-style machines, vending machines thatair Shox R4 Three Age dispense lottery tickets and historic racing machines. ? Giving all parimutuels expanded gambling hours and air Shox R4 Transparent Fundushigher betting limits. ``At the end of the day, what we have created is a good basis for moving forward and some real equity,'' said Rep. Bill Galvano, R-Bradenton,air Shox R4 Women Shoes the key legislative negotiator with the tribe. The linchpin of the deal is the plan to authorize -- for five years only -- card games that currently are not legal in Florida: blackjack, baccarat and chemin de fer.air Shox R5 Girl Kid The tribe will have exclusive operation of the table games at its three Broward casinos and its casinos in Immokalee and Tampa, but not at its Brighton casino in Okeechobee or its Big Cypress casino in Clewiston. The tribe will guarantee the state $150 million per year in years one and two of the compact. The tribe will pay a minimum of $233 million in years three and four, and $234 million in year five, or, beginning in year three, pay 10 percent of its net revenue from the exclusive games -- whichever is greater. Legislative staff members expect the payments to exceed the minimum amounts by an estimated $200 million over the five-year life of the table games.   http://zhx.weebly.com/
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