Enchanted Odds, Aug. 19

Santafe.com - August 22, 2011

Tesuque, Pojoaque post gaming Increases; slight increases statewide

Second quarter numbers are out for the tribal casinos and the big winners in north central New Mexico were the Pueblo of Tesuque (Camel Rock) and the Pueblo of Pojoaque (Buffalo Thunder, Cities of Gold, Sports Bar).

Numbers released by the State of New Mexico Gaming Control Board indicate overall gaming activity showed  a 4% gain when compared to April, May and June of 2010.  Overall the 14 tribal casinos in New Mexico generated $181,893,675 of “net win” in the second quarter of 2011 compared to $175,189,623 in 2010.  In 2009 the second quarter numbers totaled $178,656,442.

Tesuque’s Camel Rock Casino posted the biggest percentage increase of all the gaming tribes, a whopping 43% from the same quarter in 2010, and as a result has moved up two places into 8th among all the casinos in the state.  Pojoaque’s three casinos, led by Buffalo Thunder Resort, saw an 8.5% increase.  San Felipe’s Casino Hollywood enjoyed a 5% increase

Elsewhere in north central New Mexico Santa Clara’s Espanola gaming property saw a 14% decrease and nearby Ohkay Owingeh’s casino is down 13%.  Taos Mountain Casino is down 6%.

Sandia Casino was up just under 10%. The other Albuquerque area casinos were flat or showed slight decreases.  Isleta, despite its big branding move to Hard Rock, was down just over 2% compared to the same quarter in 2010. The 2010 numbers were also less than those in 2009.  Laguna’s gaming properties (Route 66, Dancing Eagle) also are down the second quarter of this year as they were in 2010 and 2009.

The Navajo Nation, with a new casino on line, is up just under 7%, while the jewel of southern New Mexico, the Mescalero’s Inn of the Mountain Gods, was up just under 2%.

As spelled out in an earlier blog, each gaming tribe reports their “net win” on a quarterly basis.  The definition of “net win,” according to the Gaming Control Board, “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.”  The Board goes on to say that net win “is not the net profit of the casino."

Basically it’s the casino’s “hold” of each slot or poker machine, or the percentage of money they get for each dollar, that is played through a machine.  The State of New Mexico does not get any revenue from any of the other gaming activity at a Native American-owned casino, so any revenues generated through the black jack, craps, roulette, pai gow or poker tables goes to the tribe, as does bingo revenue.  The state receives about 9.25% of the net win, or about $16.8 million this most recent quarter.

(The “Net Win” figures used in this story have been officially released to the public by the New Mexico Gaming Control Board. Enchanted Odds will report any revisions if and when they become public.)

Tribal Gaming Rankings by Net Win

(Listed by tribe; 2nd Qtr Net Win, 2011; and name of casino(s))

1.  Pueblo of Sandia, $44,908,025, Sandia Casino

2.  Pueblo of Laguna, $23,645,081, Dancing Eagle Casino, Route 66 Casino

3.  Pueblo of Isleta, $22,409,344, Hard Rock Hotel & Casino,

4.  Pueblo of Santa Ana, $17,623,588, Santa Ana Star Casino

5.  Mescalero Apache Tribe, $17,391,861, Inn of the Mountain Gods Casino, Casino Apache Travel Center

6.  Pueblo of Pojoaque, $14,165,652, Buffalo Thunder Casino, Sports Bar Casino, Cities of Gold Casino

7.  Navajo Nation, $11,377,217, Fire Rock Navajo Casino, Flowing Water Casino

8.  Pueblo of Tesuque, $8,004,764, Camel Rock Casino

9.  Pueblo of Acoma, $5,219,259, Sky City Casino

10.  Pueblo of Santa Clara, $5,191,144, Santa Claran Hotel-Casino (Big Rock)

11.  Pueblo of San Felipe, $4,795,425, San Felipe Casino Hollywood

12.  Ohkay Owingeh, $3,754,520, Ohkay Casino

13.  Pueblo of Taos, $2,135,503, Taos Mountain Casino

14.  Jicarilla Apache Tribe, $1,272,294, Apache Nugget Casino