5Team: New Poker Rules in Florida

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Life is tough. It's tougher if you're stupid.
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I've been travelling a lot throughout the state and I've played at West Palm and up in Melbourne within the last week. About once an hour, somebody mentions the new rules coming on July 1st, but everyone has a different opinion about what the new rules will be.

What's the real deal?
 

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The GOVENOR HAS NOT SIGNED ANYTHING YET.

BUT:

This is what will happen and they we will see what the Casino's will do with it. It will ruin lower single tables fine by me, going to more of a 1-2 no limit type of game: (easier to HIT and run in a couple weeks)

HERE is a month old press release, but I will probably be the last one to know anything:

AURORA, ON, May 8 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC") (NASDAQ: MECA; TSX: MEC.A) announced today that the Florida
Legislature has passed two pieces of legislation that MEC anticipates would
have a significant positive impact on the slot and pari-mutuel operations
at Gulfstream Park.
House Bill 1047 clarifies a number of provisions of the Florida Slot
Machine Act. If approved by Florida Governor Charlie Crist, the bill will
immediately become law and the following changes will be implemented at
Gulfstream Park Casino: (i) ATMs will be made available in all areas with
the exception of the casino floor; (ii) check cashing services will be made
available for pari-mutuel patrons, employees and pari-mutuel license
holders; (iii) hours of operations will increase from 16 hours per day to
18 hours per day and 24 hours on Saturdays, Sundays and state holidays;
(iv) the number of authorized machines will increase from 1,500 to 2,000;
and (v) the linking of machines at the facility to create progressive
jackpots will be permitted.
The second piece of legislation is SB 752, which is related to
cardrooms. If approved by Governor Crist, the bill will become law on July
1, 2007 and the following changes will be implemented in the cardroom
operations at Gulfstream Park: (i) the cardroom will be open year-round,
rather than just during live pari-mutuel days; (ii) the bet limit will
increase from $2 to $5; (iii) prizes and jackpots will be authorized to be
paid to players; and (iv) $100 buy-in games of no-limit Texas Hold `em will
be permitted.
Each of these pieces of legislation has been ordered by the Legislature
to be engrossed for presentation to Governor Crist, which MEC expects will
formally occur during the next several weeks. Under the Florida
Constitution, the Governor has the ability to sign the measures into law,
allow them to become law without his signature, or veto the measures in
their entirety.
Gulfstream Park, which opened in 1939, is located on approximately 250
acres of land in the cities of Hallandale and Aventura, between Miami and
Fort Lauderdale in Florida. World famous for its thoroughbred racing meet,
highlighted by the $1 million Florida Derby, Gulfstream Park is also now
home to more than 1,200 Las Vegas-style slot machines, a luxurious poker
room and fine-dining and buffet restaurants. In the near future, Gulfstream
Park will become home to a one-of-a-kind retail-residential center, to be
known as The Village at Gulfstream Park.
MEC, North America's largest owner and operator of horse racetracks,
based on revenue, acquires, develops, owns and operates horse racetracks
and related pari-mutuel wagering operations, including off-track betting
facilities. MEC also develops, owns and operates casinos in conjunction
with its racetracks where permitted by law. MEC owns and operates AmTote
International, Inc., a provider of totalisator services to the pari-mutuel
industry, XpressBet(R), a national Internet and telephone account wagering
system, as well as MagnaBet(TM) internationally. Pursuant to joint
ventures, MEC has a fifty percent interest in HorseRacing TV(TM), a 24-hour
horse racing television network, and TrackNet Media Group LLC, a content
management company formed for distribution of the full breadth of MEC's
horse racing content.
This press release contains "forward-looking statements" within the
meaning of applicable securities legislation, including Section 27A of the
United States Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the United States Securities Exchange Act of 1934, as
amended (the "Exchange Act") and forward-looking information as defined in
the Securities Act (Ontario) (collectively referred to as forward-looking
statements). These forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995
and the Securities Act (Ontario) and include, among others, statements
regarding the expected impact the approval of new gaming legislation in
Florida will have on our balance sheet.
Forward-looking statements should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of
whether or the times at or by which such performance or results will be
achieved. Undue reliance should not be placed on such statements. Forward-
looking statements are based on information available at the time and/or
management's good faith assumptions and analyses made in light of our
perception of historical trends, current conditions and expected future
developments, as well as other factors we believe are appropriate in the
circumstances and are subject to known and unknown risks, uncertainties and
other unpredictable factors, many of which are beyond the Company's
control, that could cause actual events or results to differ materially
from such forward-looking statements. Factors that could cause actual
results to differ materially from our forward-looking statements include,
but may not be limited to, material adverse changes: in general economic
conditions, the popularity of racing and other gaming activities as
recreational activities, the regulatory environment affecting the horse
racing and gaming industries, and our ability to develop, execute or
finance our strategies and plans within expected timelines or budgets. In
drawing conclusions set out in our forward- looking statements above, we
have assumed, among other things, that there will not be any material
adverse changes: in general economic conditions, the popularity of horse
racing and other gaming activities, the regulatory environment, and our
ability to develop, execute or finance our strategies and plans as
anticipated.
Forward-looking statements speak only as of the date the statements
were made. We assume no obligation to update forward-looking statements to
reflect actual results, changes in assumptions or changes in other factors
affecting forward-looking statements. If we update one or more
forward-looking statements, no inference should be drawn that we will make
additional updates with respect thereto or with respect to other
forward-looking statements.<!-- / message -->
 

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BTW bart

Wouldn't mind hitting a RAYS BOSOX game. Maybe we can set it up. Give me a holler if you plan on seeing them. GREAT YEAR SO FAR FOR YOUR TEAM BTW.
 

Life is tough. It's tougher if you're stupid.
Joined
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Messages
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Thanks for the info.

Sox come in July....I know I'll go to at least one and I'll definately let you know.
 

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