State of New Mexico

Gaming Control Board

NEWS RELEASE

 

FOR RELEASE:        December 7, 2005

 

CONTACT:                Morris J. Chavez, State Gaming Representative

(505) 841-9707 or mjchavez@nmgcb.org

 

The New Mexico Gaming Control Board, through the State Gaming Representative, monitors the 2001 Tribal-State Gaming Compacts signed by twelve Tribes/Pueblos.   The compacting Tribes/Pueblos pay revenue sharing and report “Net Win” quarterly.  “Net Win” is the amount wagered on gaming machines, less the amount paid out in cash and non-cash prizes won on the gaming machines, less State and Tribal Regulatory Fees.  From this amount, the casino must pay all operating costs.  “Net Win” is not the net profit of the casino.  The total amount paid to the State Treasurer for the quarter ending September 30, 2005 from the twelve Tribes/Pueblos operating casinos was $11,993,266. This revenue is deposited into the General Fund of the State of New Mexico.

 

“Net Win” per Tribe/Pueblo for the quarter ending September 30, 2005:

 

                                                                                                             NET WIN

                                    Acoma                                                             $10,064,839

                                    Isleta                                                                  22,930,000

                                    Jicarilla                                                                 1,761,206

                                    Laguna                                                               20,393,776

                                    Mescalero                                                           20,868,629

                                    Sandia                                                                35,665,964

                                    San Felipe                                                             5,523,604

                                    San Juan                                                               6,748,449

                                    Santa Ana                                                          13,107,220

                                    Santa Clara                                                           4,306,559

                                    Taos                                                                     2,291,872

                                    Tesuque                                                                7,961,917

                                   

Total Net Win                                                $ 151,624,035**

 

**These figures are based on all submitted reports in the New Mexico Gaming Control Board possession at the time of release and are subject to change upon receipt of additional information.