Regulators focus on future of New Mexico horse racing
, 2023-01-07 22:35:22,
New Mexico horse racing organizers, executives, breeders and others say there is no silver bullet to ensure the industry’s future as it faces increased competition from online betting, rising costs, infighting and other problems.
Like other states, New Mexico has experienced a multi-million dollar industrial downturn over recent years. Hoping to stem the decline, the New Mexico Racing Commission hosted a special meeting Thursday in Albuquerque to discuss the industry’s strengths, weaknesses and possible solutions.
The long list included everything from a marketing campaign to educate fans, incentives to breed and race horses in the state, harsher penalties for doping violations, and tighter testing procedures as ways to improve perceptions about the integrity of the sport.
While industry stakeholders are often on different sides, many agreed during the hours-long meeting that multiple factors have combined to stifle the industry nationwide and that there is no simple solution.
Commissioner David “Hossie” Sanchez, owner of a breeding and horse racing center near Albuquerque, told those in the crowded room watching online that everyone needed to take off their blinders and look at every…
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