28
October
Written by Erin.
Posted in: Casino
New Mexico has a rocky gambling history. When the Indian Gaming Regulatory Act was signed by Congress in 1989, it seemed like New Mexico would be one of the states to cash in on the Indian casino craze. Politics guaranteed that wouldn’t be the case.
The New Mexico governor Bruce King assembled a working group in Nineteen Ninety to create a contract with New Mexico Amerindian bands. When the task force came to an agreement with two big local tribes a year later, the Governor refused to sign the agreement. He held up a deal until 1994.
When a new governor took over in Nineteen Ninety Five, it seemed that Indian gaming in New Mexico was now a certainty. But when the new Governor passed the compact with the Amerindian bands, anti-wagering groups were able to tie the deal up in courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing the deal, thereby denying the state of New Mexico many hundreds of thousands of dollars in licensing fees over the next several years.
It took the CNA, signed by the New Mexico legislature, to get the process moving on a full accord amongst the State of New Mexico and its Indian bands. 10 years had been squandered for gambling in New Mexico, including Indian casino Bingo.
The not for profit Bingo business has increased since 1999. In that year, New Mexico not for profit game operators brought in just $3,048 in revenues. This number grew to $725,150 in 2000, and passed one million dollars in revenues in 2001. Nonprofit Bingo revenues have increased steadily since then. Two Thousand and Five saw the biggest year, with $1,233,289 earned by the owners.
Bingo is categorically favored in New Mexico. All kinds of operators try for a bit of the pie. Hopefully, the politicos are through batting around gaming as an important factor like they did back in the 1990’s. That’s most likely wishful thinking.
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