Several companies are planning on building a Casino in Destin FL, and it will be a very exciting time for local residents. According to the article, the Seminole Hard Rock Casinos are investing over $2.4 billion into two locations. But, a new ordinance is being put into place to make sure that most types of gambling are banned.
Seminole tribes will have exclusive gaming rights
Earlier this month, Governor Ron DeSantis and Chairman Marcellus Osceola Jr. unveiled a new agreement that would guarantee the Seminole Tribe $500 million in annual revenue for the next 30 years. The compact would also allow the Tribe to build three more casinos on its existing tribal land. The Seminoles currently operate seven casinos.
The Seminoles have a long history of fighting lawsuits against the state of Florida, but the new deal may open the door for more gambling in the Sunshine State. This could be done through online betting apps, or by partnering with pari-mutuel operators.
The Seminoles will be required to pay $300 million in the first five years, but the payment will end after May of 2019. The tribe will also be obligated to pay another $250,000 annually for oversight. The payments will go to the Florida Department of Business and Professional Regulation.
The agreement is designed to expand tourism, recreation, and gaming in the state. The money will also be used to fund environmental programs. It is expected to generate $6 billion in revenue over the next decade.
The deal will allow the Tribe to offer sports betting, house-banked card games, and roulette. There will also be a requirement that the state inspect the casinos on a regular basis. The inspections will be up to 1,600 hours a year.
The agreement would also be subject to court challenges. A pair of pari-mutuels have already sued the state, claiming that the compact grants the tribe exclusive rights to offer sports betting. In a bid to get the case thrown out, the US Interior Department filed a second brief.
The deal also gives the Seminoles exclusive right to operate craps and roulette at all its casinos. The compact has also been criticized by communities in South Florida, who say that the deal takes advantage of a loophole in federal law.
The agreement also allows for casino gambling outside of the Indian Reservation. Non-tribal casinos must meet a number of criteria, including being located in certain areas of the state.
New ordinance prohibits most types of gambling
Earlier this year, the City of Destin, Florida passed a new ordinance that banned most forms of gambling in its jurisdiction. While no one has publicly commented on the move, it’s a move that will likely strengthen the city’s already strong anti-gambling stance. The city’s land development code prohibits casinos and gambling related industries in all zoning districts.
The city council also approved a measure of a similar ilk that prohibits state administered lotteries. While the new ordinance isn’t the first to ban games of chance within city limits, it is the first to do so in such a measurable fashion.
The new law also comes in the form of an amendment that will allow the Seminole Tribe of Florida to operate sports betting on its land, a feat that was previously impossible. The Seminole’s previous gaming compact was struck down by a DC district court judge.
A related measure of a similar ilk would allow the Seminole to pay the State of Florida a sum of money in exchange for not building a casino on their land. The aforementioned gaming compact will likely be ratified by the state legislature in May of next year.
It’s also a good time to highlight a recent Supreme Court ruling. The ruling ostensibly found that cruise ships were used as a loophole in Florida’s gambling laws. The legalization of gambling in the Sunshine State is far from over, and a new casino could soon be opening in other parts of the state.
It’s no secret that the state of Florida is a hotbed for gambling. There are a number of casinos, cardrooms and card counting services located in the sunshine state. In fact, the state is the fourth largest gambling destination in the U.S., behind Nevada, Mississippi and Pennsylvania. Nonetheless, the city of Destin has done its due diligence in determining which form of gambling is least harmful to its citizens.
The best way to gauge the effectiveness of the new ordinance is to take a stroll through the city’s downtown area and see how many casinos and gambling related businesses are out and about.
A proposal funded by the Las Vegas Sands Corp. to allow a casino in Jacksonville did not make the 2022 election ballot
Earlier this year, the Las Vegas Sands Corp pumped $17 million into a political committee that unveiled two ballot proposals that asked voters to approve up to three new casinos in Florida. One of the proposals would allow the development of a casino in Jacksonville. The other proposal would allow gambling in northern Florida. The only catch is that each casino would require $500 million in investment and the cardroom licenses would be competitively bid.
The Sands-backed campaign also called for the creation of statewide online gambling platforms and sports betting in professional sports stadiums. However, the initiative failed to qualify for the ballot.
The Sands-backed committee claimed that the number of signatures on the ballot proposal was greater than the number of signatures it actually received. It also questioned the signature matching process. The committee said it had received tens of thousands of signatures, but the election supervisors were waiting on them.
The Florida Secretary of State is responsible for overseeing the state Division of Elections. The group’s spokesman said the organization had been receiving false allegations that its petition drive was fraudulent. In a letter to the Seminole Tribe, Florida Voters in Charge said the accusations came from individuals and entities that had a single aim in mind: to block the ballot measure.
In addition to the Sands-backed campaign, another gambling initiative, backed by online gambling companies such as Las Vegas-based Caesars Entertainment, did not make the ballot. The proposal did not have the numbers to prove it, but the signatures it did receive were impressive. It garnered more than 400,000 signatures. The other proposed measure, backed by major online gambling companies, gathered nearly one-third the number.
The most expensive Florida campaign in history was the aforementioned Florida Voters in Charge effort. The group spent $45.7 million, largely on signature gatherers and a promotional television commercial. The organization’s mailing address is in Jacksonville Beach, not Jacksonville. In fact, the initiative is expected to be on the November 2022 ballot.
A similar proposal aimed at allowing a brick-and-mortar casino in Jacksonville did not make the ballot, but it is likely to be on the ballot in 2024. It garnered more than 840,000 signatures by Tuesday evening. The campaign also received an endorsement from the mayor of Jacksonville.
Seminole Hard Rock Casinos are investing over $2.4 billion into two locations
During a recent interview, Seminole Hard Rock Hotel and Casino CEO Jim Allen talked about his plans to invest more than $2.4 billion in two locations in Destin, Florida. His plan calls for building a new, 15-story hotel tower, along with a new 25,000 square-foot spa and a 200,000-square-foot casino.
The casino is slated to open in mid-2019. The new hotel tower will also feature private elevators and rock star suites. The casino will also have a private gaming parlor. In addition to the new hotel, Seminole Hard Rock Hotel and a Casino Hollywood are currently undergoing simultaneous renovations. The casinos will also be adding a 30,000-square-foot event center that will have a 17,000-square-foot grand ballroom. This will allow the facility to host large-scale poker tournaments, trade shows, concerts and other events.
The expansions will also create 3,000 permanent positions. The hotels will also add a second level with shopping and entertainment options. The casino will offer the largest collection of slot machines in the nation.
The Seminole Tribe of Florida has casinos in Tampa and Hollywood. It’s estimated that the tribe is worth $10.4 billion, with revenue-sharing checks totaling more than $1 billion over the last five years. The tribe is also planning to pay the state for exclusive rights to sports betting and online gambling. The payments from the tribe will go to the Florida Department of Business and Professional Regulation.
The Seminole Hard Rock Hotel and & Casino Hollywood is now undergoing a $1.5 billion expansion. The new hotel will include 564 rooms, a private check-in and an exclusive gaming parlor. The casino will also feature a 45-table poker room. This will be the first artist residency of 2020 with Grammy-nominated DJ Khaled.
The Seminole Hard Rock Event Center will be constructed on the second floor of the casino complex. This 30,000-square-foot facility will allow the casino to host large-scale poker tournaments, private events and trade shows. The new facility will also have 700 parking spaces.
The Seminole Hard Rock Tampa will be a destination resort. It will feature over 5,000 slots, 46 tables and almost 200 gaming tables. It will also offer a variety of table games, including blackjack, baccarat, roulette, craps, Pai Gow, and Texas hold ’em.