anyone know when the poker room will open in pensacola

was watching wsvn channel 7 news today and they showed that the calder race track and couple other race tracks are breaking ground for a big expansion. they said to have a big slot gaming room and poker. i am assuming they are doing this because of the tax break they are going to get on slots and expect the limits for poker to be uncapped. any1 else see this story on nbc and wsvn 7 in south florida. 2 places they talked about was flagler and calder race track..

http://www.wsvn.com/news/articles/local/MI122503/

These plans went into gear last year, after slots were approved by Miami-Dade county voters (Jan. 29, 2008). They aren't doing this because of SB788, but I'm sure they'll welcome the additional breaks and lobbied for them.

Related article:

http://therealdeal.com/miami/article...o-construction

If the bill falls through and no compact is signed what is the thought on the State asking for a shut down on table games?

So far the Federal government has not acted on McCollum's (FL Attorney General) request for a shut down and I don't think they will as long as the State and the Tribe are negotiating in good faith.

If the compact is not agreed to does the State give up on the Tribe's escrow account money that had been due to the under the voided compact? I think the uncertainty of the continuation of table games is the key to the compact being agreed to by both parties. The State doesn’t want to lose the current and future payment income from the tribe on both slots and tables and the Tribe doesn't want to lose the table game revenue and all the ancillary income that comes from having a real casino resort rather than just slot halls.

Am I on the right track here with my thoughts?

Absolutely. Those are the stakes being played for by the state and the tribe. Both sides want to conclude a compact. But the tribe is getting far less than in the original compact, so they might still reject the new one. If they do reject it, the legal battle over the original compact will no doubt resume where it left off.

Are poker revenues taxed at the same 50% level as slots?

No, they're taxed by the number of licensed tables, I believe.

Current law states:

These will not change at all under the new bill.

Governor Crist was presented SB788 Gaming today (June 4th); required action (signature or veto) is due by June 18. If he takes no action by this deadline, it is the same as signing it.

really appreciate the updates xanadu thx

"In an exclusive interview, tribe attorney Barry Richard tells us approval doesn't look likely. He says his clients aren't happy with the compact lawmakers hammered out last month. and that means if a special session *does* happen, they may have to re-negotiate it."

http://www.wctv.tv/home/headlines/47001997.html

For all you legal wonks here is a direct link to the current Florida cardroom statutes 849.086 and the Florida home game statute 849.085

Florida cardroom statute


Home game statute

This article gives a taste of what could come if the tribe rejects the new compact:

http://weblogs.sun-sentinel.com/news...xpert_sta.html

so what date does all this bs come true?

When does what come true?