Updated: Virginia Senate Committee Gives Green Light To Historical Racing At Colonial Downs

A bill that would allow the owner of now-defunct Colonial Downs to install historical racing machines has been passed by the Virginia Senate by a vote of 31-9.

According to the Daily Racing Form, the Virginia Senate Finance Committee added a stipulation to the legislation — that it must be also be passed next year before becoming law.

The bill was approved by the General Assembly earlier this month. It would authorize Jacobs Entertainment, owner of Colonial Downs, to operate the slot-like historical racing machines at the racetrack and 10 other locations. However, the company reportedly has a deal to sell the racetrack to Chicago-based Revolutionary Racing.

Horsemen have backed the legislation in hopes that revenues generated by historical racing could be used to support purses for a return of Thoroughbred racing, last conducted in 2013.

Read more at Daily Racing Form

The post Updated: Virginia Senate Committee Gives Green Light To Historical Racing At Colonial Downs appeared first on Horse Racing News | Paulick Report.

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