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With Gaming Poised To Expand In Florida, Top Developers Are On Opposite Sides Of The Issue
Florida Gov. Ron DeSantis on April 23 signed a compact with the Seminole Tribe of Florida. It would expand gaming in the state, guarantee the state $2.5B in revenue sharing in the next five years and $6B through 2030, and give the tribe the exclusive right to operate sports betting in the state through 2030.
Critics have vowed to stop the plan, alleging it is unconstitutional.
Some of the state’s biggest real estate players are lining up on either side of the fight, with some potentially in a position to build huge casino resorts, and others fearing the effects if such establishments come to fruition.