Virginia Racing Commission

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Youbet Settles Lawsuit in Virginia

Youbet Settles Lawsuit in Virginia

A federal lawsuit between Youbet.com and several entities associated with Virginia racing has been settled, resulting in a renewed effort by the advance deposit wagering company to become licensed in the state.

Major League

By Stan Bowker -- With 38 pari-mutuel horse racing states and 38 sets of rules, achieving uniformity in anything, especially disqualifications for interference, is a constant challenge.

Colonial Teams with Restaurant to Expand ADW

In a collaborative initiative to expand advance deposit account wagering, Colonial Downs has teamed up with Chevy's Restaurant and Night Club in Chesapeake, Va., to promote new wagering technology that could be the horse racing's equivalent to video poker and bar trivia.

Colonial Wants More Dates; Sets Turf Stakes

Colonial Downs will continue with its plan to gradually add more Thoroughbred racing dates, having asked the Virginia Racing Commission for 42 days in 2006, two more than this year and eight more than 2004.

Magna Sells Management Interest in Colonial Downs

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Magna Entertainment Corp. and Colonial Downs, L.P. announced Thursday they have entered into an agreement under which Colonial LP will acquire all of the outstanding shares of Maryland- Virginia Racing Circuit, Inc., a subsidiary of Magna Entertainment.

Virginia Latest to Tighten Medication Rules

New regulations patterned after model policies offered by the national Racing Medication and Testing Consortium and regulators in the Mid-Atlantic region will in place in Virginia when Colonial Downs opens for live racing in June.

'Grand Slam of Grass' Gets Green Light

Colonial Downs' plan to offer the "Grand Slam of Grass," a major turf series for 3-year-olds that carries the potential for $5 million in total purse awards, was well received by the Virginia Racing Commission March 16. The track has hired a marketing agency to push the series.

Four Virginia Localities OK Off-Track Betting

Racing officials in Virginia were pleased to find out on Tuesday night that voters in three localities approved referenda to allow the expansion of off-track betting. They were waiting to find out the results for a fourth locality in northern Virginia.

OTB Expansion, Account Wagering Set in Virginia

Racing fans in Virginia probably will have more outlets at which to place wagers in the coming months. New off-track betting parlors and account wagering are expected to increase handle in Virginia, and ultimately lead to more racing days at Colonial Downs.

Secretariat Plates, Commission Powers Bill Topics

A bill that would issue Secretariat License Plates has been introduced in the Virginia General Assembly. Proceeds from the plates would go to the development of the Secretariat Museum at Meadow Farm in Doswell, the place of Secretariat's birth.

Magna Says Maryland, Preakness Top Priorities

The Maryland Racing Commission voted unanimously Nov. 13 to approve Magna Entertainment Corp. as majority owner of Laurel Park and Pimlico Race Course, turning the spotlight on Magna to begin fulfilling its promise for Maryland racing. The Preakness Stakes, second leg of the Triple Crown, is a big part of the equation.

Virginia Derby Purse Hike Approved By Panel

The Virginia Racing Commission has approved a request that would allow Colonial Downs to become a guarantor of the debt of its parent company, Gameco. The proposal is part of a long-range plan that increases the purse of the Virginia Derby to $500,000 for at least three years.

Virginia Racing Legislation Clears Another Hurdle

Broad-based legislation on racing issues passed the House of Delegates General Laws Committee Feb. 28 after two sets of amendments were discussed. The bill patroned by Sen. Kenneth Stolle passed with a 16-3 vote late in the afternoon.

Colonial Downs, Virginia Horsemen Have Contract

The Virginia Racing Commission on Feb. 20 approved a contract between Colonial Downs and the Virginia Horsemen's Benevolent and Protective Association, and also discussed a decline in handle at off-track wagering facilities in the state.

Pari-Mutuel Legislation Approved by Virginia Senate

Legislation that would remove impediments to horse racing in Virginia passed the state Senate Jan. 29. The bill, sponsored by Sen. Kenneth Stolle, was approved by a 27-12 vote. It now goes to General Laws Subcommittee in the House of Delegates.

Virginia Pari-Mutuel Bill Clears Senate Committee

Broad legislation that removes impediments to the pari-mutuel industry cleared a Senate committee by a 7-1 vote Jan. 23. Introduced by Sen. Kenneth Stolle, the bill delegates regulatory control of racing dates, provisional licensing, and account wagering to the Virginia Racing Commission.

Colonial Downs Shareholders Approve Privatization

Colonial Downs reported to the Virginia Racing Commission on Wednesday that the plan to privatize Colonial Downs was approved Jan. 10 by shareholders of the company that owns the Virginia track and its off-track betting facilities.

Virginia Racing Has Legislative Wish List

The Virginia Racing Commission may take a more active role in regulating horse racing if the recommendations of a blue-ribbon committee are implemented. The panel suggests a need for more off-track wagering facilities, elimination of a law that mandates 150 live racing dates by 2006, and addition of account wagering.

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