12
May
Written by Yaritza.
Posted in: Casino
New Mexico has a bitter gambling history. When the Indian Gaming Regulatory Act was signed by the House in 1989, it seemed like New Mexico would be one of the states to cash in on the American Indian casino craze. Politics assured that wouldn’t be the situation.
The New Mexico governor Bruce King assembled a working group in Nineteen Ninety to negotiate a compact with New Mexico Indian bands. When the task force came to an accord with two big local tribes a year later, the Governor declined to sign the agreement. He held up a deal until Nineteen Ninety Four.
When a new governor took over in Nineteen Ninety Five, it appeared that Indian betting in New Mexico was a certainty. But when the new Governor passed the contract with the Native bands, anti-gaming groups were able to hold the accord up in the courts. A New Mexico court found that the Governor had out stepped his bounds in signing the accord, therefore denying the government of New Mexico hundreds of thousands of dollars in licensing fees over the next several years.
It took the Compact Negotiation Act, passed by the New Mexico legislature, to get the ball rolling on a full compact between the State of New Mexico and its Amerindian tribes. A decade had been lost for gambling in New Mexico, including Indian casino Bingo.
The non-profit Bingo business has grown since 1999. In that year, New Mexico non-profit game operators brought in just $3,048 in revenues. That climbed to $725,150 in 2000, and surpassed one million dollars in 2001. Not for profit Bingo earnings have grown steadily since then. Two Thousand and Five witnessed the greatest year, with $1,233,289 earned by the operators.
Bingo is categorically favored in New Mexico. All types of operators try for a slice of the action. With hope, the politicos are done batting around gaming as a hot button factor like they did in the 1990’s. That’s most likely wishful thinking.
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