No Horse-Racing License for Coronado Partners in New Mexico Yet

No Horse-Racing License for Coronado Partners in New Mexico Yet

  • The New Mexico Racing Commission (NMRC) has once again postponed a decision on Coronado Partners’ proposal to open a horse-racing track and casino in Tucumcari, New Mexico. At its August 25 meeting in Albuquerque, the NMRC took no action regarding the company’s licensing application.
  • The application for a horse-racing license by Partners has been postponed once more. According to an agreement between Coronado Partners and the NMRC, the delay has occurred.
  • Coronado Partners had waited for a license for years and eventually resorted to the Albuquerque District Court to compel the NMRC to decide on its application.

 

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Coronado Partners’ Tucumcari Racino Project Is Delayed

Beginning in June, Albuquerque District Judge Nancy Franchini ruled that the NMRC must decide on the Coronado Partners license for a horse-racing track and casino in Tucumcari. 

Judge Franchini allowed the panel 90 days to reach a decision on the issue. According to the order of the Albuquerque District Court, the NMRC has until November 2 to complete its responsibilities and render a conclusion. This means that the NMRC’s last opportunity to comply with the order of the district court is at its regularly scheduled meeting on October 20.

The issue was on the agenda for the NMRC’s regular meeting on August 25, but no action was taken. Coronado Partners and the NMRC have addressed the problem and reached an agreement to postpone a decision on the license application, according to the explanation. The attorney for Coronado Partners, Warren Frost, has validated this information.

Coronado Partners Has Been Waiting for Years for a Horse-Racing License

The ruling announced by the Albuquerque District Court on June 3 was the result of a request submitted by the attorney for Coronado Partners, Warren Frost, who requested a writ of mandamus. This indicates that the firm asked the court to force the NMRC to fulfill its public responsibilities.

In Tucumcari, Coronado Partners intends to construct a horse racing track and casino. It has been anticipated that the project will create approximately 500 new employees and generate up to $55 million in revenue over the next three years.

The NMRC has delayed the judgment regarding the Coronado Partners project for years. Ismael “Izzy” Trejo, the NMRC’s director, contended before the judge that the NMRC cannot give its sixth horse-racing license. She cited numerous reasons, including the fact that the horse racing and horse breeding businesses in New Mexico are currently in a precarious position. However, Judge Franchini dismissed these charges.

It must be remembered that the sixth license is the last one available and that if awarded, no additional operators will be able to enter the New Mexico gaming market. In light of this, the delay in the NMRC judgment is unusual and raises questions about whether the commission is “holding” this license for someone else.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.