Colonial Downs Owners Aim To Open 10 Off-Track Betting Facilities

The new owners of Colonial Downs in Virginia plan to re-open the racing facility in 2019 with financial backing from historical horse racing machines, according to The Breeze. The long-term plan is to operate the maximum-allowed 10 off-track betting facilities across the state, including taking over the four currently in existence, though Virginia Racing Commission officials refused to speculate on the number of machines to be allowed to operate at each facility.

“It’s obviously a key question,” said D.G. Van Clief Jr., the racing commission chairman. “Ultimately, we hope that this effort is going to yield the optimum number of machines that will do a very good job of supporting Colonial Downs’ business plan while at the same time serving the commonwealth as a whole in the most appropriate way.”

Kentucky’s regulatory framework is serving as a basis for Virginia’s new regulations regarding historical horse racing, which is expected to bring in $161.9 million in revenue through 2022.

Read more at The Breeze.

The post Colonial Downs Owners Aim To Open 10 Off-Track Betting Facilities appeared first on Horse Racing News | Paulick Report.

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