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$30M Downs racino set to open Thursday ยป Albuquerque Journal
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A single available racino license causing consternation in New Mexico - CDC Gaming Reports br>
In addition to live horse racing, fans can wager on simulcast racing daily in the grandstand or First Turn Lounge at the Casino. The Downs at Albuquerque โ.
While a commission appointed by previous Gov. The Martinez administration listened to struggling racetrack operators that have come to rely increasingly on racino revenues. Susana Martinez, a Republican, delayed a final decision on the matter, incoming Gov. On Twitter: jlnevadasmith.{/INSERTKEYS}{/PARAGRAPH} That position is increasingly rare in a gambling America. That, of course, is heresy among tribes that depend on casino profits as large economic drivers for their members. Michelle Lujan Grisham, a Democrat, has appointed a new panel but also has asked for more information on the issue. Give Commission Chairwoman Beverly Bourguet credit for candor. {PARAGRAPH}{INSERTKEYS}New Mexico officials find themselves in a surprisingly prickly political predicament these days: How to move forward with the issuance of a single coveted racino license for one of several applicants. The spread of legalized sports betting is another area that complicates the future of racinos. Contact John L. The three-member New Mexico Racing Commission will make the final decision. Some may begin to wonder whether in a few years the licensees will evolve into slot machine operators who also offer horse racing. If tracks are approved to offer race wagering, preventing them from also giving customers slot machines, table games, and sports betting seems unnecessarily restrictive. While tribal governments are certain to be watching the racino licensing question closely, others in the state may begin to wonder about the oddly antiquated notion of allowing one form of gambling on a property but banning another form. A sports book at a racetrack that already allows race wagering seems like a sure-winner and a no-brainer. At least in theory. We all need to get up to date. This may be a cynical perspective, but those chasing that final racino license may eventually regret winning it. New Mexico also has a bustling slot machine culture operating under state sanction via authorized nonprofit organizations. Three applicants are focused on the Clovis area with others representing Tucumcari and Lordsburg. Five licenses have already been issued, and five applicants are vying for the final license. Smith at jlnevadasmith gmail.