Casino Strategies

|

Learning Casino Strategies

Bingo in New Mexico

December 1st, 2009 at 11:21
[ English | Deutsch | Español | Français | Italiano ]

New Mexico has a complex gambling background. When the Indian Gaming Regulatory Act was signed by Congress in Nineteen Eighty Nine, it seemed like New Mexico might be one of the states to get on the Amerindian casino bandwagon. Politics assured that wouldn’t be the situation.

The New Mexico governor Bruce King assembled a panel in 1990 to negotiate an accord with New Mexico American Indian tribes. When the working group arrived at an accord with 2 important local bands 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 Nineteen Ninety Five, it appeared that Native gambling in New Mexico was a certainty. But when the new Governor passed the accord with the Indian tribes, anti-wagering forces were able to hold the contract up in courts. A New Mexico court ruled that the Governor had overstepped his bounds in signing the accord, thus denying the government of New Mexico many hundreds of thousands of dollars in licensing fees over the next several years.

It took the Compact Negotiation Act, passed by the New Mexico government, to get the process moving on a full accord between the State of New Mexico and its Amerindian tribes. A decade had been lost for gambling in New Mexico, which includes Native casino Bingo.

The nonprofit Bingo industry has grown from Nineteen Ninety-Nine. That year, New Mexico charity game operators acquired only $3,048 in revenues. This number grew to $725,150 in 2000, and passed one million dollars in revenues in 2001. Nonprofit Bingo earnings have increased constantly since then. 2005 saw the largest year, with $1,233,289 grossed by the owners.

Bingo is categorically favored in New Mexico. All types of providers look for a bit of the pie. Hopefully, the politicos are done batting around gaming as a key matter like they did back in the 90’s. That is most likely wishful thinking.

Leave a Reply

You must be logged in to post a comment.