The Resource Agency history

Agency history

Label
Agency history
Title
Agency history
Creator
Subject
Genre
Language
eng
Member of
Action
Described
Biographical or historical data
  • The Virginia Racing Commission was enacted in November 1988 and began meeting in 1989. The Commission consisted of five members appointed by the governor and confirmed by a majority of the General Assembly for a five-year term. The commissioners, in turn, appoint an executive secretary who serves as the agency head. The mission of the Virginia Racing Commission according to its strategic plan is "to promote, sustain, grow, and control a native horse racing industry with pari-mutuel wagering by prescribing regulations and conditions that command and promote excellence and complete honesty and integrity in racing and wagering." The Commission issues licenses for the construction, ownership, and operation of unlimited horse racing facilities & limited license race meetings. The Commission also issues permits to all persons participating in these races. On 12 October 1994, the Commission voted to issue an unlimited license to Stansley Management to construct, own, & operate a racetrack. This racetrack, Colonial Downs, opened on 1 September 1997 in New Kent County. Colonial Downs is now owned by Jeffrey & Richard Jacobs' Jacobs Entertainment.
  • Simulcasting of horseracing began in Virginia in 1991. In 1992, the General Assembly approved legislation permitting up to six satellite-wagering facilities in Virginia. Chesapeake opened the first satellite facility on 18 February 1996. A second satellite facility opened in Richmond on December 10. Hampton & Brunswick satellite facilities were opened in 1997. Still more satellite facilities opened in South Richmond in 2003 & Vinton in 2004. In 2004, the General Assembly amended the Racing Act to permit up to ten satellite-wagering facilities. Referendums passed in Westmoreland, Henry, & Scott counties to open facilities in Martinsville and a second facility in Chesapeake in 2005, and a facility in Scott County in 2006.
  • In 2003, a new statute was enacted requiring the Commission to license & regulate advance deposit account wagering companies operating in Virginia. As of 2007, The Virginia racing Commission oversaw one live horse racing facility at Colonial Downs, nine satellite-wagering facilities, and four advance deposit account wagering companies.
Cataloging source
VIC
Citation source
Salmon, John S., comp. A GUIDE TO STATE RECORDS IN THE ARCHIVES BRANCH OF THE VIRGINIA BRANCH OF THE VIRGINIA STATE LIBRARY AND ARCHIVES. Richmond: Virginia State Library, 1985
Label
Agency history
Publication
Note
  • This is not a record. This is background information for Virginia's state government records
  • Record Group 182
http://library.link/vocab/branchCode
  • The Library of Virginia
http://library.link/vocab/recordID
001596266

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