Kentucky Derby Owner Acquires Colonial Downs, Rosie’s Gaming Emporiums

Churchill Downs Incorporated (CDI), the owner of the Kentucky Derby, acquired the Colonial Downs horse racing venue and Rosie’s Gaming Emporiums as part of a $2.75 billion purchase of most of Peninsula Pacific Entertainment LLC (P2E).

With most of Virginia’s casinos not yet open, the P2E properties are one of the top options for gambling in Virginia. There are six Rosie’s locations in Virginia, with about 2,700 historical horse racing machines (HRM) that provide a slots-like game. As part of the purchase finalized at the beginning of November, CDI acquired rights to open two more HRM facilities: one in Dumfries, and one in Emporia, both scheduled to open in 2023. Virginia law potentially allows for three additional HRM locations.

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