Casino Strategy Winning Casino Strategy

22Sep/200

Bingo in New Mexico


2024 Las Vegas Super Bowl Streaker
Read more about the
Las Vegas 2024 Super
Bowl Streaker
!

New Mexico has a stormy gambling past. When the Indian Gaming Regulatory Act was passed by Congress in Nineteen Eighty Nine, it seemed like New Mexico would be one of the states to cash in on the Amerindian casino craze. Politics guaranteed that wouldn't be the situation.

The New Mexico governor Bruce King appointed a panel in Nineteen Ninety to draft a compact with New Mexico Indian tribes. When the working group arrived at an agreement with two important local bands a year later, the Governor declined to sign the agreement. He would hold up a deal until Nineteen Ninety Four.

When a new governor took office in Nineteen Ninety Five, it seemed that Indian betting in New Mexico was a certainty. But when Governor Gary Johnson signed the contract with the Indian bands, anti-wagering forces were able to tie the deal up in courts. A New Mexico court found that the Governor had overstepped his bounds in signing the compact, thus costing the state of New Mexico hundreds of thousands of dollars in licensing revenues 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 Government of New Mexico and its Amerindian tribes. 10 years had been lost for gambling in New Mexico, including Indian casino Bingo.

The non-profit Bingo business has gotten bigger since Nineteen Ninety-Nine. That year, New Mexico charity game providers brought in just $3,048. This number grew to $725,150 in 2000, and surpassed a million dollars in 2001. Not for profit Bingo earnings have increased constantly since that time. Two Thousand and Five saw the largest year, with $1,233,289 grossed by the operators.

Bingo is certainly popular in New Mexico. All kinds of operators try for a bit of the pie. Hopefully, the politicos are done batting around gaming as an important matter like they did in the 1990's. That's probably wishful thinking.

Filed under: Casino Leave a comment
Comments (0) Trackbacks (0)

No comments yet.


Leave a comment

You must be logged in to post a comment.

No trackbacks yet.

Categories

Blogroll

Archive

Meta