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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Colonial Downs Announces In-Person Racing to Begin July 19

After closing the 2020 racing season early due to COVID-19, Colonial Downs Racetrack is announcing 21 live racing dates running from July 19. Premium tickets go on sale on Monday, but general admission and parking are free.

“As we enter our third year of racing, Colonial Downs looks forward to once again hosting top horses and horsemen from across the country with daily purses offered amongst the highest during the summer months,” Vice President of Racing Operations at Colonial Downs Group Jill Byrne said in a press release. “The past year of the pandemic has been so challenging for everyone, we can’t wait to see our wonderful fans and supporters safely enjoying the excitement of live horse racing.”

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