20
July
Written by Erin.
Posted in: Casino
New Mexico has a stormy gambling past. When the Indian Gaming Regulatory Act was signed by the House in Nineteen Eighty Nine, it looked like New Mexico might be one of the states to get on the Native casino bandwagon. Politics guaranteed that would not be the case.
The New Mexico governor Bruce King announced a working group in Nineteen Ninety to create an accord with New Mexico American Indian bands. When the working group came to an accord with two big local tribes a year later, Governor King declined to sign the bargain. He would hold up a deal until 1994.
When a new governor took over in Nineteen Ninety Five, it seemed that American Indian wagering in New Mexico was a certainty. But when the new Governor signed the compact with the Native bands, anti-gambling groups were able to hold the contract up in the courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing the accord, thus denying the government 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 legislature, to get the ball rolling on a full accord between the State of New Mexico and its Indian tribes. A decade had been burned for gaming in New Mexico, including Native casino Bingo.
The non-profit Bingo business has increased since Nineteen Ninety-Nine. In that year, New Mexico not for profit game owners acquired only $3,048 in revenues. That climbed to $725,150 in 2000, and passed one million dollars in revenues in 2001. Non-profit Bingo revenues have increased steadily since that time. 2005 saw the largest year, with $1,233,289 grossed by the operators.
Bingo is clearly favored in New Mexico. All types of operators look for a slice of the action. Hopefully, the politicos are done batting around gaming as an important issue like they did in the 90’s. That’s without doubt hopeful thinking.
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