Navajo Casinos Post First Quarter Loss

Sun, May 28, 2017

In New Mexico, Fire Rock Casino (l.) and Northern Edge Casino, operated by the Navajo Nation, posted a first-quarter net win of $21,528,766—about $200,000 less than $21,747,278 in 2016. As a result, the Navajo Nation will pay the state 9 percent of the adjusted net win on slots, or $1.9 million.

For the first quarter of 2017, the Navajo Nation’s two Class III casinos–Fire Rock Casino in Church Rock and Northern Edge Casino in Fruitland—posted net win of ,528,766, according to New Mexico Gaming Control Board documents. That total is 0,000 less than the 2016 total of ,747,278.

Under a revenue sharing plan with the state, the Navajo Nation is required to make quarterly payments to the state of 9 percent of the adjusted net win of the slots at Fire Rock and Northern Edge, or $1.9 million.

New Mexico’s gaming tribes reported either a slight decrease or a slight increase compared to 2016. First quarter 2016 net winnings was slightly more $173 million and about $600 less in 2017.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.