Company Performance Metrics
The Company was organized to pursue opportunities for horse racing and pari-mutuel wagering in Virginia. The Company is the only entity that has been awarded unlimited licenses to own and operate a horse racetrack with pari-mutuel wagering in Virginia and as such is the only entity currently eligible to apply for licenses to own and operate SWFs in
Virginia. The Company plans to conduct thoroughbred and standardbred racing at a racetrack that it is currently constructing in New Kent County, Virginia. The Company also intends to conduct pari-mutuel wagering at the Track and at its SWFs on races run at the Track and on races that the Company shows via import simulcasting. After it begins live racing at the Track, the Company intends to increase its revenues by entering into agreements to simulcast races run at the Track to out-of-state racetracks, SWFs, casinos and other gaming facilities.
