17
December
Written by Yaritza.
Posted in: Casino
[
English ]
New Mexico has a stormy gambling history. When the Indian Gaming Regulatory Act was signed by Congress in Nineteen Eighty Nine, it seemed like New Mexico might be one of the states to cash in on the American Indian casino bandwagon. Politics guaranteed that wouldn’t be the case.
The New Mexico governor Bruce King assembled a panel in 1990 to negotiate a contract with New Mexico Native bands. When the working group arrived at an accord with two big local bands a year later, the Governor refused to sign the agreement. He held up a deal until 1994.
When a new governor took over in 1995, it appeared that American Indian wagering in New Mexico was now a certainty. But when Governor Gary Johnson signed the contract with the Indian tribes, anti-wagering forces were able to hold the contract up in courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing the compact, thus denying the state of New Mexico many hundreds of thousands of dollars in licensing fees over the next several years.
It took the Compact Negotiation Act, signed by the New Mexico legislature, to get the ball rolling on a full compact amongst the Government of New Mexico and its Amerindian tribes. Ten years had been squandered for gambling in New Mexico, which includes American Indian casino Bingo.
The nonprofit Bingo business has grown since Nineteen Ninety-Nine. That year, New Mexico charity game owners acquired just $3,048 in revenues. This number grew to $725,150 in 2000, and surpassed a million dollars in revenues in 2001. Not for profit Bingo revenues have increased constantly since then. Two Thousand and Five saw the largest year, with $1,233,289 earned by the providers.
Bingo is apparently beloved in New Mexico. All types of operators try for a bit of the action. With hope, the politicians are through batting over gaming as an important matter like they did in the 90’s. That’s without doubt wishful thinking.
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