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Isleta Casino and Resort set to open

KOB Albuquerque Jun. 24, 2008. 09:07 PM EST

A NEW MEXICO TRIBE IS PUTTING 100-MILLION DOLLARS ON THE TABLE -- IN HOPES OF BRINGING IN EVEN MORE BUSINESS. THE NEW ISLETA RESORT OPENS IT DOORS JUST ONE WEEK FROM TODAY -- AND THAT WILL STEP UP THE COMPETITION FOR THE GAMBLING DOLLAR IN THE METRO AREA. SHELTON DODSON HAS MORE. METRO AREA CASINOS AND RESORTS ARE JUST GETTING BIGGER AND BETTER... BUT IS THIS TOO MUCH OF A GOOD THING? WE TOOK THAT QUESTION TO A U-N-M ECONOMIST FOR HIS EXPERT OPINION ON WHETHER THERE IS ENOUGH MONEY TO KEEP ALL THE METRO CASINOS BETTING THEY'LL BE IN THE BLACK: INSERT VIDEO VO NAME: Source: ISLETA RESORT EXPANSION -- J-FINE TAPE INCUE: exteriors of Isleta resort -- video starts at tc 11:36 - 13:36 TAKE A LOOK AT THE LATEST RESORT IN THE METRO AREA. THE S WITH PUEBLO IS TAKING A 100-MILLION DOLLAR RISK THAT IT'S NEW DIGS WITH RESTAURANTS, A SPA, KIDS CORNER AND POOLS INDOOR AND OUT WILL BE ENOUGH TO BRING IN THE BIG TIME BUCKS. : 'I'm amazed, I'm proud of it. It is for the whole state of New Mexico for them to use, have fun, have a good stay here.'BUT WHILE ISLETA IS TAKING IT'S GAME TO THE TOP FLOOR THEY ARE NOT THE FIRST TO EXPAND IN THE METRO AREA. : 'Two, one applause.' ROUTE-66 CASINO IN LAGUNA EXPANDED THIS YEAR AND WITH DOLLARS ALSO BEING SPENT IN SANTA ANA AND SANDIA THE METRO AREA IS SATURATED. AND MOST OF THAT MONEY WAGERED IS COMING FROM RIGHT HERE IN NEW MEXICO. COMBINED THE FOUR METRO CASINOS TAKE IN 65- PERCENT OF THE STATE'S GAMBLING MONEY. AND WITH JUST TWO MILLION PEOPLE IN NEW MEXICO, TRIBAL LEADERS ARE LOOKING ELSEWHERE. : 'We're not only depending on the people here in New Mexico, we're going into Texas, Colorado, Arizona for that clientele.' : 'It's no longer just the gaming industry, it's the tourist industry as well...the final destination. In that respect, yes, it's a good investment.' IN THE FIRST QUARTER OF THIS YEAR ALONE, ISLETA PULLED IN A NET WIN OF 25- POINT-7 MILLION DOLLARS JUST OFF ITS SLOTS. THE PLAN IS TO HAVE THIS 100- MILLION DOLLAR RESORT PAID OFF IN JUST EIGHT YEARS. REPORTING FROM THE ISLETA PUEBLO..., SHELTON DODSON, EYEWITNESS NEWS FOUR.

Return to New Mexico Casinos.


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