Florida High stakes poker and blackjack look good

[4_2_it]

The compact was just finaled. Here's the poke language:

[ QUOTE ]
L. The Tribe presently conducts and shall continue to conduct poker in each
of its Facilities in compliance with provisions of Florida law, including provisions that
limit wagers and pot sizes. However, the Tribe may hold up to six (6) celebrity/charity
poker tournaments per year in each of its Facilities that are not subject to the
limitations/restrictions imposed by Florida law, provided that a minimum of seventy
percent (70%) of the Net Poker Income from each poker tournament is donated to a
charitable organization organized pursuant to Section 501(c)(3) of the Internal Revenue
Code. The maximum number of days a celebrity/charity tournament will be played is
eight (8) calendar days during the month a tournament is hosted. Any payments made to
charitable organizations pursuant to this part shall not be calculated as Net Win for
purpose of payments to the State under Part XI.

[/ QUOTE ]

Currently on front page of Tampbay.com. This link will be bad in a matter of hours.

[Atomic]

permalink
Deal expands gambling in Florida

[Phaedrus11]

Anyone have a link to the final draft.
If its anything like the earlier drafts we are F'ed

[Atomic]

Compact in PDF

[Davie Nick]

So if I am reading this correctly, the buy in limits have not increased. It is still $100. True???

[Phaedrus11]

The Tribe presently conducts and shall continue to conduct poker in each of its Facilities in compliance with provisions of Florida law, including provisions that limit wagers and pot sizes.

What I understand is they will have to abide by the state laws regarding poker. I’m assuming, and two of the floorguys agreed with me, is that they will have to close for 12 hours a day. I think any new gambling is good for the game because it builds tolerance from the general public. The Class III slots came and the world didn’t come to an end. I would only hope that this asinine 100 buyin crap will come to an end. Its really driving me crazy.

[bigslickmark]

[ QUOTE ]
The Tribe presently conducts and shall continue to conduct poker in each of its Facilities in compliance with provisions of Florida law, including provisions that limit wagers and pot sizes.

What I understand is they will have to abide by the state laws regarding poker. I’m assuming, and two of the floorguys agreed with me, is that they will have to close for 12 hours a day. I think any new gambling is good for the game because it builds tolerance from the general public. The Class III slots came and the world didn’t come to an end. I would only hope that this asinine 100 buyin crap will come to an end. Its really driving me crazy.

[/ QUOTE ]

I actually interpret this to allow 24 hour poker. An earlier draft of the compact specified that the Seminoles had to abide by provisions related to hours. This was removed in the final compact. The way I read this is that they currently conduct poker in a way that abides by Florida law as it relates to wager sizes and pot sizes but not to hours and they will continue to do so.

It's amazing to me that there are no limits to how much one can wager in slot machines, lottery tickets or pari mutuel wagering but there are limits to poker wagering. I wish the Florida legislature will pull their head out of their ass and fix this problem.

[soulvamp]

[ QUOTE ]
[ QUOTE ]
The Tribe presently conducts and shall continue to conduct poker in each of its Facilities in compliance with provisions of Florida law, including provisions that limit wagers and pot sizes.

What I understand is they will have to abide by the state laws regarding poker. I’m assuming, and two of the floorguys agreed with me, is that they will have to close for 12 hours a day. I think any new gambling is good for the game because it builds tolerance from the general public. The Class III slots came and the world didn’t come to an end. I would only hope that this asinine 100 buyin crap will come to an end. Its really driving me crazy.

[/ QUOTE ]

I actually interpret this to allow 24 hour poker. An earlier draft of the compact specified that the Seminoles had to abide by provisions related to hours. This was removed in the final compact. The way I read this is that they currently conduct poker in a way that abides by Florida law as it relates to wager sizes and pot sizes but not to hours and they will continue to do so.

It's amazing to me that there are no limits to how much one can wager in slot machines, lottery tickets or pari mutuel wagering but there are limits to poker wagering. I wish the Florida legislature will pull their head out of their ass and fix this problem.

[/ QUOTE ]

Very few people see it as a problem. Of much bigger concern is trying to expand casino gambling.

[ThreeBeers]

The Govenor contends that the legilature does not have oversight to approve or disapprove the Compact. The Compact is set to become effective on the first day of the month following the month of the Compact's approval by the Secretary of the Interior.

ThreeBeers

[soulvamp]

[ QUOTE ]
The Govenor contends that the legilature does not have oversight to approve or disapprove the Compact. The Compact is set to become effective on the first day of the month following the month of the Compact's approval by the Secretary of the Interior.

ThreeBeers

[/ QUOTE ]

Don't hold your breath. This is going to get tangled up in court for years.