Laguna Development Corporation has recently embarked on an aggressive, focused and innovative strategy to expand and develop the company both within and outside the state of New Mexico. The company recently completed a management restructuring to strengthen the oversight of daily operations while at the same time allowing a veteran team of gaming, food & beverage retail, hospitality and entertainment executives to spend a majority of their time exploring, developing and opening new business ventures. With an excellent credit rating, a solid history of meeting financial objectives and a significant equity investment from the Pueblo of Laguna, LDC is well positioned to grow and expand in the near term while mapping an expansion strategy for the future.
LDC and its shareholders, the Pueblo of Laguna, enjoy a healthy and productive relationship. The ability of LDC and the Pueblo to share common goals and objectives while operating independently of one another on a day-to-day basis has helped LDC build tremendous respect within the Indian gaming industry. The company’s business, social and cultural reputation within New Mexico has provided opportunities for LDC to make significant contributions to New Mexico and its economy.
Laguna Development Corporation is one of New Mexico’s and the nation’s most successful Native American companies. A wholly owned subsidiary of the Pueblo of Laguna, LDC has met or exceeded every earnings objective agreed upon with the Pueblo of Laguna since its inception in 1998.
LDC is currently the third largest tribal gaming enterprise in New Mexico. With operations that include casinos, travel centers, convenience stores, restaurants a grocery store and hotel the company enjoys revenues of more than $200 million annually. The company currently has more than 1,100 employees.
The LDC team has planned, and overseen construction and opening of two successful casinos, new restaurants, and a hotel and been consistently successful while working in one of the most competitive gaming markets in the country. The experienced team of LDC managers along with exceptional financial stability and readily accessible investment capital makes LDC poised to be a significant factor in the growth of its businesses for years to come.