22
December
Written by Tristan.
Posted in: Casino
New Mexico has a stormy gaming 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 American Indian casino craze. Politics assured that wouldn’t be the case.
The New Mexico governor Bruce King appointed a panel in Nineteen Ninety to negotiate a compact with New Mexico Amerindian bands. When the working group came to an accord with two prominent local tribes a year later, Governor King refused to sign the agreement. He would hold up a deal until Nineteen Ninety Four.
When a new governor took office in 1995, it seemed that Amerindian wagering in New Mexico was now a certainty. But when the new Governor signed the accord with the American Indian bands, anti-wagering forces were able to tie the accord up in the courts. A New Mexico court found that the Governor had out stepped his bounds in signing the accord, therefore costing the government of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.
It required the Compact Negotiation Act, signed by the New Mexico house, to get the process moving on a full accord between the Government of New Mexico and its American Indian bands. Ten years had been lost for gaming in New Mexico, which includes American Indian casino Bingo.
The non-profit Bingo industry has increased from Nineteen Ninety-Nine. In that year, New Mexico non-profit game providers acquired just $3,048 in revenues. This number grew to $725,150 in 2000, and surpassed one million dollars in 2001. Not for profit Bingo earnings have increased constantly since then. 2005 witnessed the greatest year, with $1,233,289 grossed by the operators.
Bingo is categorically popular in New Mexico. All types of owners try for a bit of the pie. With hope, the politicians are done batting around gaming as a hot button matter like they did in the 1990’s. That is without doubt 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.