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Analysts mentioned one particular of the factors IGT may well be looking at some sort of corporate restructuring is its stock value. The company’s shares were trading at $27 at the time of the announcement and jumped up to $30 by the end of the week amid speculation about pending bargains. Hatfield stated Torch wants the judge to declare the thousands of unregulated machines legal. The Seminole compact revenue is more of a economic tsunami than a stream. The state is projected to acquire about $750 million annually from the tribe’s six casinos. HB 1638 demands that 96% of that dollars go to the Indian Gaming Revenue Clearing Trust Fund. "The response that we're hearing from legislators from these regions has been supportive mainly because they see it as a way to seriously spur the economy of their area," Moore mentioned. It is unclear no matter whether the final item would require formal backing of a casino project by neighborhood voters, such as via a referendum.