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MARCH 19, 2001

Governor Gary Johnson has approved a new gaming compact with the state's gaming tribes which reduces the revenue sharing rate the tribes thought was too high.

The new rate caps the revenue sharing rate at 8 percent; the old one was 16 percent. Casinos pay different rates depending on how much money they make.

Two tribes -- Pojoaque Pueblo and the Mescalero Apache Nation -- have opposed the compact and say they won't accept its provisions.

The tribes have also agreed to pay an estimated $100 million owed by the old 1997 compacts. But the Legislature turned down a bill which would have directed half of the money into an economic development fund for tribes.

Get the Story:
Gov., Lawmakers OK Cut in Tribal Revenue Sharing (The Albuquerque Journal 3/18)
What Passed, Failed During Session (AP 3/18)