Till this year all the approved gaming venues in Florida had slots called bingo machines and poker. This year the governor entered into a pact with the Seminoles giving them the right to Blackjack, Las Vegas style slots, Baccarat, Pai Gow, Three Card Poker and Let It Ride. For this privilege and entering into the compact the Seminoles will pay 100 million dollars per year. Not bad but giving a severe disadvantage to the other non Seminole venues and consequently drawing business from those that are now less competitive.
The good governor had the states interest in mind when he did this but the Florida State Supreme Court looked at it differently. The Supreme Court of Florida ruled that the governor had exceeded his authority. So now they litigate but the Hard Rock continues to operate the games. The other state approved casinos not under the Seminole umbrella are still working at a serious disadvantage. This is not unlike, if I may, giving big chain like Wal-Mart the right to sell certain popular goods and banning other retailers from selling the same merchandise giving the big player another leg up.
I am perplexed at the fact that all of this goes on with the approval of the government and they still look at gambling as an illegal venture.
I think it is time that gambling is legalized and managed in select areas to allow those adults who do enjoy gaming to do so and enriching not only the operators, creating employment but giving a big advantage to the states. I look at the condition of a lot of schools and wonder where is all of that lottery money going? I think the ticket manufacturer is the real winner there.
I do believe that if gambling is made legal the revenue should be targeted directly to education and higher education. We should not in any way give the politicians free reign over the funds as we have seen how silly they act when they have excess capitol just laying around.
Gambling is the one form of adult entertainment that I have never heard a player say that the gaming taxes are too high. When you observe the Seminoles not only buying the entire Hard Rock franchise for $80,000,000 ( 80 million dollars) and shortly there after were able to commit to the State of Florida for $100,000,000 (that’s one hundred million) for the first year of operating with the new games I would think there is more than enough to go around.