31
May
Written by Yaritza.
Posted in: Casino
New Mexico has a bitter gaming background. When the Indian Gaming Regulatory Act was signed by the House in 1989, it seemed like New Mexico might be one of the states to get on the Indian casino bandwagon. Politics assured that would not be the situation.
The New Mexico governor Bruce King announced a working group in Nineteen Ninety to negotiate an accord with New Mexico Indian bands. When the task force arrived at an accord with 2 big local tribes a year later, Governor King declined to sign the agreement. He held up a deal until Nineteen Ninety Four.
When a new governor took office in Nineteen Ninety Five, it seemed that Amerindian gaming in New Mexico was a certainty. But when the new Governor signed the compact with the American Indian tribes, anti-gambling forces were able to hold the contract up in courts. A New Mexico court ruled that Governor Johnson had out stepped his bounds in signing the accord, therefore costing the state of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.
It took the CNA, signed by the New Mexico government, to get the ball rolling on a full contract amongst the Government of New Mexico and its American Indian bands. 10 years had been squandered for gaming in New Mexico, including Native casino Bingo.
The non-profit Bingo business has increased from 1999. That year, New Mexico not for profit game providers acquired just $3,048 in revenues. This number grew to $725,150 in 2000, and surpassed one million dollars in revenues in 2001. Not for profit Bingo earnings have grown steadily since that time. 2005 witnessed the greatest year, with $1,233,289 grossed by the owners.
Bingo is apparently favored in New Mexico. All sorts of providers try for a bit of the pie. With hope, the politicians are done batting over gaming as an important issue like they did back in the 90’s. That’s most likely hopeful thinking.
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.
You must be logged in to post a comment.