On Monday a ceremony was held in the office of New Mexico Governor Susana
Martinez and several leaders from the state's Native American tribes for the
signing of the new gaming compact.
The compact is an agreement between five tribes and that they may operate
casinos. They are the Navajo Nation, the Jicarilla Apache Nation, the Pueblo of
Acoma, the Mescalero Apache Tribe, and the Pueblo of Jemez. The new gaming
compact will last 22 years.
It is possible that the compact may become the standard for other tribes in the
future as their gaming compacts began to expire.
Under the new gaming compact, casinos will increase their share of revenues
shared with the state. Casinos will also be allowed to operate 24 hours daily.
Rules for compensating high rollers have also been changed.
The compact was previously approved by both the state's House and Senate. It
took three years of negotiations before the final compact was agreed upon. The
federal government is the final step for approval.
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