Colonial Downs

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MTR Gaming Aims to Reduce Debt

MTR Gaming Aims to Reduce Debt

MTR Gaming Inc. has defined as core assets its two Thoroughbred racinos and an Ohio harness track, and will examine sale possibilities of all other properties to reduce debt and raise shareholder value, the company said July 30.

Virginia Derby Full of Familiar Faces

Virginia Derby Full of Familiar Faces

Many racing officials at Colonial Downs, weary of Central Virginia downpours, may have to pardon trainer James Toner if he does a rain dance Saturday morning before the $750,000 Virginia Derby (gr. IIT). His trainee, Sailor's Cap, will attempt to defeat eight others in the 1 1/4-mile contest for 3-year-olds on the turf.

Track Owner Boosts Stake in MTR Gaming

Track Owner Boosts Stake in MTR Gaming

Jacobs Entertainment Inc. and its affiliates have recently increased their overall stake in MTR Gaming Group, a move that follows a January announcement that the owner of Colonial Downs was shifting its focus towards facilities that feature multiple forms of gaming.

Youbet Settles Lawsuit in Virginia

Youbet Settles Lawsuit in Virginia

A federal lawsuit between 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. Subject of Virginia Licensing Lawsuit

Colonial Downs and Virginia horsemen have filed a lawsuit claiming is operating illegally without a license in the commonwealth, and want the advance deposit wagering company to pay back hundreds of thousands of dollars in lost source-market fees.

Colonial Season Ends With Small Increases

The handle at Colonial Downs increased a bit over its 2006 mark, while a moderate summer helped boost attendance at the central Virginia track, which concluded its 11th season of racing on Aug. 7.

Field Set for Virginia Derby

Field Set for Virginia Derby

Summer Doldrums will have more than a rubber match with Strike a Deal when the two meet in the $1-million Virginia Derby (gr. IIT) July 21 at Colonial Downs. Not only will Summer Doldrums' trainer Rick Violette see his archrival, he will see the faces of past race victors.

Instant Racing Tabled in Virginia

A bill that would allow Instant Racing as a means of funding for transportation and purses in Virginia is on the also-eligible's list hoping to make the field. Members of the Virginia House Committee on General Laws tabled the bill by voice vote Feb. 15. The bill could be brought back up in committee prior to Feb. 20. Virginia's General Assembly session ends Feb 24.

Instant Racing Bill Re-Introduced in Virginia

Old races may provide new funds to maintain Virginia roads should lawmakers pass a bill that has been re-introduced in the General Assembly. A similar bill that had been submitted during the General Assembly's special transportation session last September was passed over.

Wagering Declines During Third Quarter

Fueled in part by all-source handle declines at such meetings as Del Mar, Arlington Park and Monmouth Park, overall wagering on United States racing in the third quarter of 2006 dropped by nearly $7 million.

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.

Handle Up, Attendance Down So Far at Colonial

After 30 days of live racing, handle and attendance for Colonial Downs' Thoroughbred meet is mixed. Average daily handle on live racing at Colonial Downs is $1,224,667, up 16% over the same period last year.

Colonial Downs Builds on Past, Looks to Future

While preparations are being made for the 2007 celebration commemorating the 400th anniversary of the founding of Jamestown, Colonial Downs officials are looking forward to experiencing their own "new world" this summer when the Virginia racetrack opens for live racing June 16.

Colonial Downs' 2006 Dates Approved

The Virginia Racing Commission approved Colonial Downs' request for 2006 racing dates at the monthly meeting Wednesday at the Meadow Manor House located on the Meadow Farm, birthplace of 1973 Triple Crown winner, Secretariat.

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.

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