With the legislative finance committee and other relevant parties tasked with investigating the implications of current gaming practices, SM25 seeks to create an informed approach to decision-making around potential changes in the gaming framework. The goal is to provide a sustainable future for gaming that can compete effectively with neighboring states, which may in turn affect revenue generation and job creation within New Mexico. This could involve exploring the viability of introducing online casinos, poker, and sports betting, which are becoming increasingly popular in other jurisdictions.
Summary
Senate Memorial 25 (SM25) calls for an examination of the current state of gaming in New Mexico, emphasizing the need to assess how the state's gaming regulations can evolve to remain competitive with other states. The memorial highlights the growth in legal gambling avenues, including horse racing, casinos, and the lottery, while acknowledging that online gaming options currently remain limited to off-track betting. The spirit of the memorial is focused on maximizing tourism and economic opportunities through potential expansions in gambling laws.
Contention
While the memorial aims for a comprehensive review, potential areas of contention may arise during discussions about how changes to gaming regulations could impact existing stakeholders, including casinos, racing tracks, and tribal nations. Specific concerns may include the redistribution of market share and revenues among these entities, as well as the implications for local economies and communities that rely on tourism and gaming revenues. The outcome of this examination may challenge traditional gaming structures in the state and provoke discussions about balancing economic growth with responsible gaming practices.
An Act Authorizing Sports Wagering, Internet Gaming, A Casino Gaming Facility In Bridgeport, Entertainment Zone Facilities, Internet Lottery And Internet Keno.
An Act Authorizing A Casino Gaming Facility In Bridgeport, Sports Wagering, Entertainment Zones, Online Gaming, Online Lottery Ticket Sales And Online Keno.
Relating to the authorization, licensing, and regulation of casino gaming and sports wagering in this state, to the creation, powers, and duties of the Texas Gaming Commission, to the support of the horse racing industry and reform of horse racing and greyhound racing, and to other provisions related to gambling; imposing and authorizing administrative and civil penalties; imposing taxes; imposing and authorizing fees; requiring occupational licenses; creating criminal offenses.
Campaign finance: contributions and expenditures; provision related to officeholders raising funds when facing a recall; modify, and require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
Campaign finance: contributions and expenditures; funds donated to a candidate for recall efforts; require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
A concurrent resolution recognizing wild rice as sacred and central to the culture and health of Indigenous Peoples in Minnesota and critical to the health and identity of all Minnesota citizens and ecosystems and establishing a commitment to passing legislation to protect wild rice and the freshwater resources upon which it depends.