Florida Senate - SB0810 to revise cardroom laws?

[NY60]

One other development which we should also note is the current negotiations between the Seminoles and Governor Crist. Remember the Federal Indian Gaming Regulatory Act allows the Indians to have any gambling that is legalized by State Statute. Since Broward County is allowed to have "Class III" slot machines the Federal Law dictates that the Indians can have the same.

Under the Federal law the Indians have to negotiate with the State Governor to allow the State of Florida to tax the new "Class II' "Vegas Style" machines at the Indian casinos. If they cannot reach a deal the Indians are allowed to petition the Federal Secretary of the Interior to create the regulations should the State of Florida not negotiate in good faith. The former Governor Bush refused to negotiate and the Indians of course went to the Feds for help.

If the Feds create the regulations the State of Florida GETS ZIP- ZIPPO- NADA - NOTHING as far as tax dollars. When Crist took office he asked the Feds to hold off on creating the new Regulation so that he could have a chance to grab some tax dollars. Well he took too long and the Indians filed suit in Federal Court in Miami asking a Federal Judge to compel the Federal Secretary of the Interior to create the new regulations.

This of course was done as a negotiating tactic to put pressure on the Governor to come to the table which he apparently has and talks have been ongoing.

REMEMBER any deal made does not need the approval of the State Legislature SO THERE MAY BE HOPE YET if the Indians can offset some of the taxes they will have to pay on their Class III slot revenues by increasing the poker rake revenues through an expansion of their poker base. This is the best way to get around existing stupid State law max $2 bet!!!

SOUND REASONABLE????

[flafishy]

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REMEMBER any deal made does not need the approval of the State Legislature SO THERE MAY BE HOPE YET if the Indians can offset some of the taxes they will have to pay on their Class III slot revenues by increasing the poker rake revenues through an expansion of their poker base. This is the best way to get around existing stupid State law max $2 bet!!!

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You've lost me here. How can they increase the rake revenues? They already take out 10% up to $5 along with a $1 jackpot drop. I don't think they can get away with more than that no matter how high the stakes.

[Jeff_B]

wow.. yeah $1/$2 is boring as hell...and i play small stakes online (micro)

FYI Seminole Hard rock (in tampa on orient road) already is smoke free

hopefully they will up the limits soon I havent been there in almost a year

[1p0kerboy]

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allow Florida card rooms to hold high stakes tournaments twice a year under the condition that they are nationally broadcast. We might get a WPT event

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I seriously wonder if this would draw any players knowing that the side games will be $1/2. LOL.

[NY60]

Yes they can increase their reveunes with higher stakes in two ways...first, more tables, and second, with higher stakes the "average" rake will be higher and probably max out at the $5 limit much more often. At present, "on average" the average rake per hand does not reach the $5 limit.

[flafishy]

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Yes they can increase their reveunes with higher stakes in two ways...first, more tables, and second, with higher stakes the "average" rake will be higher and probably max out at the $5 limit much more often. At present, "on average" the average rake per hand does not reach the $5 limit.

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They are not going to add more poker tables if they get Class III slot machines, which are much more profitable than poker tables.

Have you ever played the $2 game at any of the Florida card rooms? The no-fold-em games where all they have to do is turn a flop to get their max $5 rake?

[NY60]

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Yes they can increase their reveunes with higher stakes in two ways...first, more tables, and second, with higher stakes the "average" rake will be higher and probably max out at the $5 limit much more often. At present, "on average" the average rake per hand does not reach the $5 limit.

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They are not going to add more poker tables if they get Class III slot machines, which are much more profitable than poker tables.

Have you ever played the $2 game at any of the Florida card rooms? The no-fold-em games where all they have to do is turn a flop to get their max $5 rake?

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OK!!! (I swear, there is always one person arguing about nothing) so what's your theory, they want higher stakes to make less money???

Have you ever counted the rake on each hand...if you have you will notice that it does not reach $5 very much of the time. Under your theory they rake $5 every hand which is simply not true or even close.

And I have been playing there since we played for quarters!!

So, again, what is your theory (since you want to argue), why get higher stakes since in your world they are maxing out at $5 each hand already, and no new tables will be added, according to you...why change anything???

[kingmack]

A floor person at the Hollywood Hard Rock said the rake generated from the poker room is nothing compared to what they make from the slots. I've only played the tourneys and never the limit tables but they make a lot more in rake from the donkeys slowly bleeding money off than if they were getting stacked $500 at a time from a NL cash game.

[flafishy]

It's been my point all along that there is no compelling reason to believe it will be changed. Right-wing politicians who rule the state and the very powerful tourism industry don't want it and the cardrooms don't really care because they're already packing 'em in and maxing out rake consistently for the $2 games.