While acknowledging its decision could jeopardize Thoroughbred racing in the state for this year or even several years, Colonial Downs says it has ceased negotiations with the Virginia HBPA.
A public changing of the guard at MTR Gaming Group Inc. was experienced Oct. 31 during a conference call with analysts and shareholders, as the company bid farewell to longtime chief Ted Arneault and welcomed his successor Robert Griffin.
Colonial Downs in Virginia is on the market because of its inability to add other forms of gambling, track owner Jacobs Entertainment said in a Jan. 11 notice.
Ohio racetracks and a Cleveland developer are reportedly close to a deal on language for a November referendum on slot machines at the tracks and three non-track locations.
By winning the first two legs of the inaugural Grand Slam of Grass, English Channel has instantaneously brought to life a demanding turf series that many thought far-fetched when it was first announced. The bonus series guarantees a $5 million payout to the exceptional horse that can sweep the four races.
The owner of Colonial Downs hopes the new "Grand Slam of Grass" is eventually worth $10 million and said two turf stakes at the Virginia racetrack that are part of the series would each be worth $1 million in 2006.
The purse for the Virginia Derby at Colonial Downs could rise to as much as $500,000 from $200,000 based on a plan presented to the Virginia Racing Commission March 20.
Trainer Jeff Jacobs, 40, was found dead at his condominium in Hot Springs, Arkansas, on Tuesday morning, apparently of natural causes. A press release from Oaklawn Park, where Jacobs had 22 horses at the time of his death, said there were no signs of foul play. According to the Associated Press, Jacobs suffered from diabetes, and a coroner said complications from the disease may have played a role.
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