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The dog track, located in the Miami area, has been approved for a decoupling plan that will put an end to the ongoing racing activities. However, Magic City Casino, where the dog track is located, will continue to operate slot machines and card games, which are also well known.
The casino operator applied for a permit known in the industry as "summer zialai" under state law that allowed two Paris mutual operators in Miami to cancel races with dogs and instead focus on zialai operations. This will give Florida residents the opportunity to bet on them legally. Dade County and Broward County in Miami had the lowest number of bets in 24 months.
Initially, Florida gaming authorities rejected Magic City Casino's application and made their decision clear when an appeals court deliberated on their decision and ordered them to decide the opposite. This is how business and professional regulatory departments approved it on Wednesday. The requests listed by Magic City Casino are only considered if the new Zialai Front is built on the same property.
This is the first time that the state authorities have given permission to the track on such an open condition. It will be able to escape from racing with dogs and maintain a real source of income and revenue, such as slot machines and various card games. Florida faces a recurring theme in the industry: regular decoupling proposals. Authorities have detected an unsuccessful trend in efforts to reshape the gambling market each year.
A possible reason for this to happen is the fact that states are generally pouring millions of dollars into dog racing regulations, much more than the actual tax revenue that sports can provide. It's no secret that fewer and fewer people are interested in this activity and that there are numbers here to prove how true this is.
But the decision to eliminate this source of Magic City revenue will not in any way affect other Paris mutual operators across the sport. The most recent case was a petition signed by many people in connection with a similar application listed by Mardi Gras Casino and Racetrack in Broward County.
Friday, September 8, 2023
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