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The Downs Racetrack & Casino Hopes To Lease 100 New Slots

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June 05, 2013

The Downs Racetrack & Casino is requesting to lease 100 slot machines. Those machines are currently meant for the SunRay Park Casino.

On Friday the New Mexico Racing Commission will meet to discuss the request by the casino.

If approved, the The Downs will operate 700 machines.

The Downs is undergoing a renovation. Since the renovation, it has been closed. However, it is scheduled to reopen in a few weeks.

Under current state law, race tracks that operate slot machines are allowed to have 600 machines. The law also allows for the "racinos" to lease machines from other gaming facilities that are not in use. The total amount allowed to be leased are 150.

If the state's Racing Commission approves the plan then The Downs will pay the SunRay to lease their slot machines. $695,000 will be paid for the first three years. After that time The Downs will pay $330,000 a year for the following seven years after that.

Return to New Mexico Casinos.
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