{"id":149493,"date":"2020-09-21T07:00:24","date_gmt":"2020-09-21T14:00:24","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=149493"},"modified":"2020-09-21T10:00:29","modified_gmt":"2020-09-21T17:00:29","slug":"new-mexico-could-see-expanded-gambling-at-commercial-racetracks","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/new-mexico-could-see-expanded-gambling-at-commercial-racetracks\/","title":{"rendered":"New Mexico Could See Expanded Gambling at Commercial Racetracks"},"content":{"rendered":"

New Mexico\u2019s five commercial racetracks could get expanded gaming under draft legislation to be reviewed next month by a legislative committee. It would allow the racinos to add table games, video slot machines, and in-person sports betting, as well as online gaming, and provide a 24-hour gaming floor.<\/p>\n

\"New
Sunland Park Racetrack and Casino in New Mexico is among the commercial racinos which back a gaming expansion proposal. (Image: Sunland Park)<\/figcaption><\/figure>\n

Additionally, the legislation likely would allow for unlimited slot machines. Now, each racetrack casino is restricted to just 600 slots, and operations can be open no more than 18 hours a day or 122 hours weekly, the Albuquerque Journal<\/em>, a local newspaper, reported.<\/p>\n

There are other changes, too, under the plan. ATMs and alcoholic drinks could be offered on casino floors.<\/p>\n

Racinos could set up lines of credit for players. Complimentary golf rounds, hotel rooms, and meals could also be given to qualified players.<\/p>\n

Proposal Could Eliminate Tribal Gaming Compacts<\/h2>\n

The Journal<\/em> also reported the legislation could eliminate current revenue sharing compacts with Native American gaming properties. The tribes, which operate 21 casinos in the state, typically pay the New Mexico government between $70 million and $80 million annually.<\/p>\n

\n

Under the proposal, commercial racinos would end up paying more in sales tax with expanded gaming. A 2019 Union Gaming Analytics study claimed an increased number of slots, table games, and sports betting at commercial racinos could provide $62 million more in tax revenue for the state, the Santa Fe New Mexican<\/em>, another local newspaper, reported.<\/p>\n<\/div>\n

If online gaming revenue is included in the yearly projection, the amount could jump to about $75 million, according to Ethan Linder, director of marketing for Sunland Park Racetrack and Casino, quoted in the newspaper.<\/p>\n

Casino Expansion Could Help New Mexico\u2019s Economy<\/h2>\n

The proposal also would lead to economic development for the state, particularly as coronavirus has led to financial downturns, supporters say. \u201cPost-COVID, we\u2019re going to have to rebuild this economy, and that\u2019s one reason we\u2019re calling this bill the Gaming Industry Recovery Act,\u201d Scott Scanland, a lobbyist for Sunland Park Racetrack and Casino, was quoted by the New Mexican<\/em>.<\/p>\n

State Rep. Moe Maestas, D- Albuquerque, chairman of the House Commerce and Economic Development Committee, appears to support increased gaming.<\/p>\n

The COVID-19 crisis has allowed us to re-imagine a great many things,\u201d Maestas told the New Mexican<\/em>. \u201cGaming, sports betting, horse racing, including off-track betting, need to be expanded in the new economy.\u201d<\/p><\/blockquote>\n

Commercial racino officials have complained that the state\u2019s tribal casinos are not restricted to the extent seen at commercial racinos. The commercial racinos remain shuttered because of coronavirus<\/a> risk, the Journal<\/em> said. Tribal casinos such as Isleta Resort & Casino and Route 66 Casino Hotel reopened in June after a couple months of closure.<\/p>\n

Tourism is a key revenue generator for casinos in Indian Country. That\u2019s particularly so during the summer months for locations such as New Mexico, said Joseph Kalt, a political economist who heads up the Harvard Project on American Indian Economic Development<\/a>, speaking to Casino.org<\/em>.<\/p>\n

Guy Clark, an Albuquerque dentist who opposes gaming, told the Journal <\/em>the new proposal is \u201ca massive expansion of gambling that we have never seen before.<\/p>\n

\u201cIt is a betrayal of any attempt to restrict the amount of gambling addiction,\u201d Clark said.<\/p>\n

Many of the restrictions were implemented as part of a deal with gambling opponents when the legislation to allow the racinos initially was approved.<\/p>\n

The state\u2019s racinos are located in Albuquerque, Farmington, Hobbs, Ruidoso, and Sunland Park.\u00a0The draft legislation obtained by the Journal <\/em>does not list any legislators sponsoring the proposed bill.<\/p>\n

The Legislative Finance Committee will review the proposal at an Oct. 1 meeting. Sunland Park officials are expected to testify.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Mexico\u2019s five commercial racetracks could get expanded gaming under draft legislation to be reviewed next month by a legislative committee. It would allow the racinos to add table games, video slot machines, and in-person sports betting, as well as online gaming, and provide a 24-hour gaming floor. Additionally, the legislation likely would allow for […]<\/p>\n","protected":false},"author":44,"featured_media":149496,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577,18456],"tags":[],"acf":[],"yoast_head":"\nNew Mexico Could See Expanded Gambling at Commercial Racetracks<\/title>\n<meta name=\"description\" content=\"New Mexico\u2019s five commercial racetracks could get expanded gaming under a proposal. It could mean in-person sports betting and online gaming.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Mexico Could See Expanded Gambling at Commercial Racetracks\" \/>\n<meta property=\"og:description\" content=\"New Mexico\u2019s five commercial racetracks could get expanded gaming under a proposal. 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