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January 31, 2008

TUCUMCARI, NM - Plans for a $40 million horse racing track and casino on Interstate 40 in Tucumcari were announced this week by Coronado Partnership LLC, a new venture by Rio Rancho businessman Don Chalmers and the Quay County Gaming Authority. The group will file an application for a racing license this spring with the New Mexico Racing Commission.

Chalmers told local residents "This is a No. 1 prospect ... If we get a license, there will be $40 million in capital expenditures in Quay County to build what needs to be built."

The New Mexico Racing Commission has issued 5 of the 6 licenses the state has authorized for the next 29 years. Tucumcari will compete with three other communities for the remaining license.

The racino is not expected to impact Native American casinos since its distance will be at least 200 miles away on I-40.

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