Current law authorizes the Governor to negotiate and enter into Class III Tribal-State gaming compacts on behalf of the state, and directs the Governor to report any gaming compact to the Joint Legislative Commission on Governmental Operations. This act amends GS 147-12(a)(14) (powers and duties of the Governor) to authorize the Governor to negotiate gaming compacts. After negotiation and execution of a compact, directs the Governor to submit a copy of the compact to the President Pro Tempore of the Senate, the Speaker of the House of Representatives, and the Secretary of State. Requires the compact to be ratified by both houses of the legislature by a majority vote of the members present, in order for the compact to be effective. Instructs the Secretary of State to forward a copy of the executed compact and the ratifying act to the US Secretary of the Interior for review and approval. Makes a conforming change to GS 71A-8, authorizing federally recognized Indian tribes to conduct games in accordance with federal law and a valid tribal-state compact executed by the Governor, ratified by the North Carolina General Assembly, and approved by the US Department of the Interior.