20
March
Written by Kaylen.
Posted in: Casino
[
English ]
New Mexico has a rocky gambling past. When the Indian Gaming Regulatory Act was signed by the House in Nineteen Eighty Nine, it seemed like New Mexico might be one of the states to cash in on the Amerindian casino craze. Politics assured that would not be the situation.
The New Mexico governor Bruce King appointed a panel in Nineteen Ninety to draft a compact with New Mexico American Indian tribes. When the panel came to an agreement with two big local bands a year later, the Governor declined to sign the bargain. He would hold up a deal until Nineteen Ninety Four.
When a new governor took over in Nineteen Ninety Five, it appeared that Indian gambling in New Mexico was a certainty. But when the new Governor signed the compact with the Indian tribes, anti-gaming forces were able to hold the deal up in the courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing a deal, therefore costing the government of New Mexico hundreds of thousands of dollars in licensing fees over the next several years.
It took the Compact Negotiation Act, signed by the New Mexico legislature, to get the ball rolling on a full accord between the State of New Mexico and its Indian bands. Ten years had been lost for gambling in New Mexico, including Indian casino Bingo.
The nonprofit Bingo industry has gotten bigger from 1999. That year, New Mexico non-profit game operators brought in only $3,048. This number grew to $725,150 in 2000, and surpassed a million dollars in revenues in 2001. Nonprofit Bingo revenues have increased constantly since then. Two Thousand and Five witnessed the biggest year, with $1,233,289 grossed by the owners.
Bingo is apparently favored in New Mexico. All sorts of owners look for a piece of the pie. With hope, the politicos are done batting around gambling as a hot button matter like they did back in the 90’s. That’s most likely wishful 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.