![]() For example, the Hard Rock Hollywood was responsible for 24.9 percent of the Seminoles’ 2015-16 revenues, according to figures just computed and released earlier this summer. It’s pro-rated based on how profitable each of their seven casinos are. That’s the first document I use the second, the Local Government Annual Distribution Worksheet, comes into play because some of the tribe’s payments to the states are distributed to local governments. They give Florida that overall number so they can figure out how much money they pay as part of their compact: they pay a greater percentage as their revenues climb. The Seminoles reported a $2.3 billion overall revenue figure for 2015-16 to the state. The tribe is not required to release its per-casino revenue figures but by criss-crossing two state documents, I computed the figures. ![]() That’s more than all eight pari-mutuel casinos earned combined. It’s because the Seminole Hard Rock’s haul for the past fiscal year ending June 30, 2016, totaled more than $579 million. ![]() South Florida racetrack casino owners merely shake their head when they asked how they can “compete” with the Seminole Hard Rock Hotel & Casino in Hollywood, and my recent calculations explain why. ![]()
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