21
June
Written by Keegan.
Posted in: Casino
New Mexico has a rocky gambling background. When the Indian Gaming Regulatory Act was passed by Congress in Nineteen Eighty Nine, it seemed like New Mexico might be one of the states to cash in on the Native casino craze. Politics guaranteed that would not be the situation.
The New Mexico governor Bruce King appointed a task force in 1990 to create an accord with New Mexico Amerindian bands. When the working group arrived at an agreement with 2 important local tribes a year later, Governor King refused to sign the bargain. He would hold up a deal until 1994.
When a new governor took office in 1995, it seemed that Indian betting in New Mexico was now a certainty. But when the new Governor passed the contract with the Amerindian tribes, anti-wagering groups were able to hold the deal up in courts. A New Mexico court found that the Governor had out stepped his bounds in signing the deal, thereby denying the government of New Mexico many hundreds of thousands of dollars in licensing revenues over the next several years.
It required the Compact Negotiation Act, signed by the New Mexico legislature, to get the ball rolling on a full compact amongst the State of New Mexico and its Indian tribes. A decade had been burned for gambling in New Mexico, including American Indian casino Bingo.
The non-profit Bingo business has grown from 1999. In that year, New Mexico non-profit game providers brought in just $3,048. This number grew to $725,150 in 2000, and surpassed a million dollars in revenues in 2001. Non-profit Bingo earnings have grown constantly since then. 2005 saw the greatest year, with $1,233,289 grossed by the operators.
Bingo is clearly beloved in New Mexico. All types of operators look for a slice of the action. With hope, the politicians are done batting over gaming as a key factor like they did back in the 90’s. That’s most likely wishful thinking.
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