Key Takeaways
The terms mandate that all legal action be withdrawn from the courts, and the two sides refrain from filing any further lawsuits regarding gaming rights during the compact period.
The tribe was suing the state on grounds that Florida gaming regulators violated its expired gaming compact when it allowed parimutuel racinos to offer banked card games.
The Seminoles aren t the only Native American group enjoying the riches of gambling.
Revenues countrywide are up at tribal casinos, with the National Indian Gaming Commission reporting that operators revenue in 2015, a 4.4 percent increase. Nevada and Atlantic City casinos made a combined $13.7 billion that year.
It is an amazing and remarkable story for the tribes, UNLV gaming professor Bo Bernhard said.
While Las Vegas casino companies have recently been permitted to venture outside of Nevada and Atlantic City, as states expand commercial gambling to generate new tax revenues, Native American groups have shown that they re more than capable of weathering the incoming competition.
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