Regulators ratify settlement in racino case | KOB 4
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Regulators ratify settlement in racino case

Regulators ratify settlement in racino case

The Associated Press
April 18, 2019 04:56 PM

ALBUQUERQUE, N.M. (AP) - The New Mexico Racing Commission has ratified a proposed settlement aimed at ending a legal dispute related to the state's sixth and final license for a horse racetrack and casino.

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The commission voted to approve the agreement with Hidalgo Downs after meeting behind closed doors Thursday. The commission did not make any public statements other than to say a special meeting would be called April 30 to discuss the racino license.

It would be up to a state district judge to approve the settlement.

Attorneys for the four other companies vying for the license want to intervene in the case.

They've raised concerns that the proposed settlement was presented to the court weeks ago without first being voted on by the full commission. They questioned whether open meeting laws could have been violated.

The commission contends that the panel's chairman had authority to sign the settlement before it was voted on by commissioners.

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The Associated Press

Copyright 2019 The Associated Press. All rights reserved.

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