The Navajo Nation and the state of New Mexico have reached a new Class III gaming compact.
The current deal expires in 2015. The new compact runs through 2037 and would require the tribe to share up to 10.75 percent of gaming revenues with the state. In exchange, the tribe will be able to open up to five casinos and operate them 24 hours a day. The tribe currently operates two Class III facilities and one Class II facility in New Mexico. Revenue sharing would end if the state authorizes Internet gaming. Get the Story: