Compliance Updates

Colonial Downs which pulled the plugs in 2014 might receive a go ahead to reopen

Published

7 years ago

March 1, 2018

Athira A

Reading Time: < 1 minute

Virginia State’s authorities are in the process of evaluating different measures to expand gaming industry operations.

As per the reports by several local newspapers the State of Virginia might promptly permit another gaming expansion, as authorities are excogitating the installation of betting machines at the historical race terminals at Colonial Downs, a horse track located in New Kent County, Virginia which was recently closed about 30 miles outside of Richmond.

The General Assembly is preparing a draft intending to alter the current regulations that confine gaming operations. As per the official reports, the House has already approved the measure, which is now being considered in the Senate.

The measure would give the go-ahead to the reopening of Colonial Downs, which pulled the plugs in 2014. The proposal would have already been set up if it were not for preponderant opposition from House Speaker, Kirk Cox, who objected to the original proposal to include the new form of gambling inside former Gov. Terry McAuliffe’s budget. Instead, he insisted it be filed as a standalone bill to have standard public hearings.

If the bill receives final approval, gambling machines will be installed at a few off-track betting parlours around the state as well as the Colonial Downs. The Colonial Downs horseracing track is a long way from its glory days but could soon receive a boost from the state Senate.

Related Topics:

Up Next

Trust issues: only a third of the public thinks gambling industry is fair

Don't Miss

Autorité des marchés financiers (AMF),France calls forth companies using cryptocurrencies to adhere to certain rules

Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.