Horse Racing

New Mexico Commission Judge Rule Pausing Using Wallets for Insurance Payments


at 4:25 pm |
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Update: October 11, 2022 at 4:26 pm

District Court Judge Victor S. Lopez determined in the September 20 order that the New Mexico Racing Commission (NMRC) requires riders, through their wallet accounts, to pay half of the road premiums. racing for jockeys and fitness racers, breaking the state. Regulation.

Since 2009, more than $9 million has been taken from wallet accounts at five New Mexico racetracks to be used for premiums. At the end of 2020, NMHA went to court to stop this activity and get all or part of the funds in the wallet back.

“[The] the fact that the practice is being questioned right now; non-presenting parties have the authority to support the proposal that one party somehow forgo excessive rule-making for only a short period of time,” Judge Lopez wrote. “Neither this Commission nor this Court have a decision-making role and implement policy that would essentially allow racing revenue to be ignored for the admittedly favorable purpose of protecting horse racers and campaigning. Employees may be injured while engaging in a potentially dangerous occupation. race.”

Judge Lopez upheld his order until at least March 18, the final day of the 2023 legislative session, “to allow the parties to consider the intervention of law, if appropriate.”

Gary C. Mitchell, general counsel for the New Mexico Riders Association (NMHA), added, “The battle for political power between the races is driven by the desire to cut the cost of running a racetrack and a race. meet and enjoy higher income from their casinos. Great supporters in their way, and always the Knights Association and hopefully the New Mexico Legislature. “

To read the full verdict, click here.

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This story was posted in News is shared, Top News and tagged Gary Mitchell, Judge Victor S. Lopez, New Mexico, New Mexico Knights Association.

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