COLONIAL DOWNS GROUP TO INVEST OVER $400 MILLION AND CREATE HUNDREDS OF NEW JOBS IN VIRGINIA IN 2022

GROUNDBREAKING EVENTS SLATED IN DUMFRIES AND EMPORIA

RICHMOND – December 17, 2021 – Colonial Downs Group is gearing up for another exciting year in Virginia with two major groundbreaking events in Dumfries on January 11 and Emporia during the first quarter of 2022. Local and civic leaders in both communities will join Colonial Downs Group team members to launch game-changing economic development projects that will spark construction spending, significantly increase tax revenues, and create over 700 well-paying permanent jobs.

Aaron Gomes, Chief Operating Officer of Colonial Downs Group, stated, “We came to Virginia four years ago promising to help spawn a revitalization of the state’s horse industry, deliver a new form of fun entertainment, provide a consistent source of tax revenues for the Commonwealth and localities where we operate, grow the state’s workforce, and build-up communities through charitable investments of time and money. We have delivered on all of those promises and are proud to be part of the fabric of Virginia.”

Colonial Downs Group will invest more than $429 million developing a new gaming and entertainment destination in Dumfries with The Rose Gaming Resort project. Helping the town close an industrial landfill ahead of schedule, The Rose Gaming Resort, when fully built, will include up to a 350-room hotel, eight bars and restaurants, a cultural venue, a space for meetings and events, and over 80 acres of green space with miles of bike and fitness trails, athletic fields, and a playground. The Rose Gaming Resort will generate an estimated $59 million in annual tax revenues and have more than 600 team members.

Colonial Downs Group will invest more than $20 million developing a Rosie’s Gaming Emporium® in Emporia following a successful voter referendum in November. The Emporia Rosie’s will have 150 gaming machines with the latest technology and state-of-the-art graphics. When fully built, Rosie’s Gaming Emporium will generate an estimated $600,000 in annual tax revenue for the City of Emporia and have more than 100 team members.

Colonial Downs Group has successful operations in New Kent, Richmond, Hampton, Vinton, Dumfries and Collinsville. Colonial Downs Group and Rosie’s are proud to have made direct monetary and in-kind donations of more than $1,410,000 and have logged over 2,500 service hours in Virginia communities.