Acoma Pueblo
New Mexico Tribe reaches 22-Year Compact casino deal
2015-01-12
Reading time 30 seg
(US).- The Acoma Pueblo Tribe has reached an agreement with New Mexico Gov. Susana Martinez's administration on a gambling compact. Ii would increase the percentage of revenue that it shares with the state from its operation of a casino on Interstate-40 west of Albuquerque.
Acoma Tribal Secretary Jonathan Sims said officials feel confident that their proposed deal will win approval from the state Legislature during its 60-day session that convenes Jan. 20 in Santa Fe.
Under the Acoma's current compact expiring in June, the tribe shares 8 percent of its revenue from slot machines at its Sky City Casino.
Under the proposed new 22-year compact, the revenue sharing would increase to 8.5 percent through 2018, then 8.75 percent through 2030 and 9.5 percent through 2037 in the compact's final year.
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