Archives - March, 2010



1 Mar 10

[ English ]

The hankering for making quick money might be as ancient as human civilized life. Wagering was popular in many areas of the world from the dawn of time. The 1st reference of wagering is located in ancient documents where anyone can observe the mention of games of Dice gambled on by Rulers across the globe. The betting developed in variety and alternatives in due course of time and the most exciting and favored amongst them was the betting on Horses.

With the proliferation and popularity of the net, the net betting created sometime in the year ninety-six with a few casino pages showing up, became one of the most favored web activity. Today the approximated yearly income from these web sites numbering hundreds of thousands is more than 7000 million dollars. That works out to around $19 million every day and speaks volumes about the popularity and turnover of on line wagering pages.

Betting on the internet comes with benefits and dangers. The benefits being larger, net betting has gone beyond the conventional betting around the planet. The first and chief among them is the comfort and the selection the Internet offers for bettors. The websites, which continue to grow in numbers each and every second, offer a selection of games such as the familiar one-armed bandit drawing the players for the ever eluding Jackpot, the common man’s playing card games, craps, and roulette. Each provides different excitements.







1 Mar 10

New Mexico has a stormy gambling past. When the IGRA was passed by Congress in 1989, it seemed like New Mexico would be one of the states to cash in on the American Indian casino craze. Politics assured that would not be the case.

The New Mexico governor Bruce King assembled a working group in 1990 to negotiate a contract with New Mexico Native bands. When the panel arrived at an accord with 2 big local tribes a year later, the Governor refused to sign the bargain. He would hold up a deal until 1994.

When a new governor took over in 1995, it seemed that American Indian betting in New Mexico was now a certainty. But when the new Governor signed the compact with the Indian tribes, anti-gambling forces were able to tie the accord up in courts. A New Mexico court found that Governor Johnson had overstepped his bounds in signing the accord, therefore denying the state of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.

It required the CNA, passed by the New Mexico government, to get the ball rolling on a full contract between the State of New Mexico and its Amerindian bands. A decade had been burned for gambling in New Mexico, including Amerindian casino Bingo.

The non-profit Bingo business has increased from Nineteen Ninety-Nine. In that year, New Mexico not for profit game operators acquired only $3,048. This number grew to $725,150 in 2000, and exceeded a million dollars in revenues in 2001. Non-profit Bingo earnings have grown steadily since that time. 2005 witnessed the largest year, with $1,233,289 earned by the providers.

Bingo is clearly popular in New Mexico. All types of owners look for a slice of the action. Hopefully, the politicians are done batting around gambling as a hot button matter like they did back in the 90’s. That is probably hopeful thinking.