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Navajo Tribe Proposes Gaming Compact with New Mexico

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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.

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