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Applicants for next New Mexico racetrack casino down to 5

The governor appoints the five commissioners. At least three of the five applicants for the license have deep political ties to Martinez, although she has pledged the selection process won’t be politicized. In the fiscal year that ended June 30, the state’s five racinos in Albuquerque, Ruidoso, Farmington, Hobbs and Sunland Park had an average net win from slot machines of more than $46 million. From the net win, racinos must pay taxes, contribute to racing purses and cover other expenses. The Racing Commission announced in May it was accepting applications for the new racino. It now will set a schedule for public presentations by the applicants. The state’s agreements with American Indian tribes that operate casinos provide for a maximum of six racinos. In exchange for limiting off-reservation gaming, the state receives a share of the tribes’ take from their slot machines. Here are snapshots of the applicants for the sixth racino license: • Clovis Racetrack and Casino, which is seeking to build in the Clovis area. The majority owner of the company is Shaun Hubbard, grandson of longtime Ruidoso Downs racetrack owner R.D. Hubbard.

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