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Navaho Wants Better Conditions For New Mexico Casino

Sunday October 27,2013 : NAVAHO WANT A BETTER CASINO DEAL IN NEW MEXICO
 
Prepared to eschew online gambling as part of any agreement.
 
The New Mexico state Legislature is set to consider changes to its tribal gambling compact with the Navaho Nation early next year...and the revision could include an agreement to eschew online gambling until the state decides to legalise the pastime.
 
The Navaho Nation is currently proposing a replacement compact for the current agreement, which expires in 2015. Among the tribe's demands are three more land casinos and potentially less revenue sharing, according to Associated Press news agency reports.
 
And as part of the new deal, the Navaho are prepared to stay away from online gambling in New Mexico unless or until the state Legislature makes it legal.
 
The Nation operates land casinos in New Mexico and Arizona and employs 950 people.
 
Navajo President Ben Shelly told members of the Legislative Finance Committee on Friday that revamping the existing compact would be a win for both his tribe and the state. A longer-term agreement with New Mexico would also make it easier to get outside financing for projects, he said.
 
The Navaho want to renegotiate the revenue-sharing agreement with New Mexico as part of the changes, sharing only an adjusted net win that would take into account pay-outs to customers who play for free with slot credits offered to draw in customers.
 
Applying pressure to state lawmakers, an attorney acting for the Navaho has declared that if a compact isn't reached by the expiration date, the tribe could cease any revenue sharing with New Mexico.
 
She pointed out that the National Indian Gaming Commission, a federal agency that oversees and regulates Indian gambling, could shut down Navajo-owned casinos if they are not part of a compact with the state.
 
"If the compact expires, this would devastate the Navajo Nation financially, as the slot lease agreements and contracts would be placed in jeopardy," she said.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

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Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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