Learn, Practice, Play Baccarat
Learn, Practice, Play Blackjack
Learn, Practice, Play Slots
Learn, Practice, Play Poker
Learn, Practice, Play Video Poker
500 Nations Casino

Navajo Tribe Proposes Gaming Compact with New Mexico

Play USA Online Poker  ... Oh, Yeah! Poker is back at Bovada. Get the 100% Welcome Bonus up to $500 and see why Bovada Poker is ranked #1 with U.S. players! 0
December 30, 2014

Lawmakers for the Navajo Nation have established terms that they would like to negotiate for their new gaming compact with New Mexico.

The current gaming compact will end in June of 2015.

A statement was released on Monday by the Navajo Nation. They believe they have decided on terms for the compact that will be fair for both the state and the tribe.

Revenue sharing with New Mexico would be dependant on the total net winnings. 8.5 to 10.75 percent would be paid. The amount will also depend on the amount of years the compact would be in effect.

Net winnings equal $80 million a year at the tribal owned casinos. As of now, 8 percent is paid to the state.

Under the proposed compact, the state could be paid an additional $1 million each year for the first three years.

There are three Navajo owned casinos in New Mexico. They are located near Farmington, Gallup, and Shiprock. The tribe also owns a casino in northern Arizona.

Return to New Mexico Casinos.
Join Bovada Join Bovada
500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.