Colonial Downs' has surrendered their license!
With lots of local support, the Virginia horsemen are now able to start rebuilding a new model for profitable live thoroughbred racing in Virginia. Colonial Downs' ownerJeffrey Jacobs wanted nothing more than just an online wagering business that was only possible because of live horse racing in Va. Jacob's strategy consisted of wearing downs the horsemen's group to the point hey would keep giving up live race days and give Colonial Downs more money to offset operating cost. Someone tell Jeffrey Jacobs you have to spend money to make money. All businesses have operating expenses. I sure wish my horses didn't cost anything when they weren't racing. Sounds like Jeffrey Jacobs lives in a fairyland.