On request of a racetrack association, the commission shall amend a racetrack license to change the location of the racetrack if the commission determines that:
(1) the conduct of race meetings at the proposed new location will be in the public interest;
(2) there was not a competing applicant for the original license; and
(3) the racetrack association’s desire to change location is not the result of a subterfuge in the original licensing proceeding.