16
December
Written by Perla.
Posted in: Casino
New Mexico has a complex gambling history. When the Indian Gaming Regulatory Act was signed by the House in 1989, it looked like New Mexico might be one of the states to cash in on the Amerindian casino bandwagon. Politics guaranteed that would not be the case.
The New Mexico governor Bruce King announced a working group in 1990 to discuss a contract with New Mexico American Indian bands. When the working group came to an accord with two important local bands a year later, the Governor refused to sign the bargain. He held up a deal until Nineteen Ninety Four.
When a new governor took over in 1995, it appeared that Indian betting in New Mexico was now a certainty. But when Governor Gary Johnson passed the contract with the American Indian tribes, anti-wagering forces were able to hold the deal up in courts. A New Mexico court ruled that Governor Johnson had out stepped his bounds in signing a deal, therefore denying the state 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 ball rolling on a full contract 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 not for profit Bingo industry has gotten bigger from Nineteen Ninety-Nine. That year, New Mexico non-profit game owners acquired just $3,048 in revenues. That climbed to $725,150 in 2000, and exceeded one million dollars in revenues in 2001. Nonprofit Bingo revenues have grown constantly since that time. 2005 saw the largest year, with $1,233,289 earned by the providers.
Bingo is clearly beloved in New Mexico. All kinds of operators look for a piece of the action. With hope, the politicos are done batting around gaming as a hot button matter like they did in the 90’s. That’s most likely hopeful thinking.
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