Tue. May 21st, 2024

RACINO REPORT BODES WELL FOR CLOVIS

CLOVIS (KSMX) – Despite some opposition shown during the meeting presentations for the potential of a Racino coming to Clovis, a report shows that out of the three, Clovis has the highest potential to bring more new dollars into New Mexico over the proposals in Tucumcari and Lordsburg. The Racing Commission contracted the study through the Convergence Strategy Group, which was set to examine all five applications for the state’s sixth and final racino license. The study was to project the economic impact of each proposal, showing which had the highest projected revenue for 2021, which is about the earliest any project would begin racing. According to the report, Clovis would by far bring in the most, showing a “net gaming revenue impact” of approximately $51.5 million for Clovis Racetrack and Casino, $53.4 million for Curry Downs and $66.2 million for La Posada Del Llano. These three in comparison show Tucumcari is projected to bring in approximately $42.9 million and $15.8 million in Lordsburg. One concern noted in their report was the support for the racetrack in Clovis, which City Commissioners have pointed out there was enough support by the commission to support the project. The Commission is set to meet again on November 28th to allow each applicant a final push during their 15-minute presentations. A final decision announcement is scheduled for December 6th.

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