Racetracks across the country have closed in recent years but in New Mexico, five companies have submitted proposals to build a new one.
They're all vying for one available license to operate a racino. The New Mexico Racing Commission is under no obligation to offer the license to any of the bidders, but later this week, the commission will consider the proposals and make a decision next month.
Three of the bidders want to build a racetrack in Clovis, near the Texas border. Another has submitted a proposal for operating a racino in nearby Tucumcari. The final bidder hopes to open a facility on the other side of the state, in the southwestern corner to draw people from Tucson, Ariz. The winning company would be allowed to install up to 750 slot machines on the property.
The bidding casino companies all have different ideas in mind, from the world's first moving grandstand to a racetrack with a rodeo facility and hotel.
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