- Associated Press - Wednesday, October 15, 2014

RICHMOND, Va. (AP) - Colonial Downs’ CEO Jeffrey Jacobs is announcing at a meeting of the Virginia Racing Commission that the track will close Nov 1.

Jacobs said Wednesday that he lacked the votes on the commission to bring in a new horseman’s group that was agreeable to his racing scheme at the New Kent County track.

The track wants fewer races with higher purses. The horsemen say they need more racing dates to cover their costs of owning, training and running horses.

Colonial Downs is Virginia’s only pari-mutuel wagering horse track.

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