| Business Summary | | Colonial
Holdings,
Inc.
owns
and
operates,
primarily
conducts
pari-mutuel
wagering
on
thoroughbred
and
standardbred
horse
racing.
The
Company
conducts
its
business
through
its
wholly
owned
subsidiary,
Colonial
Downs
Racetrack
in
New
Kent,
Virginia.
The
Company
also
owns
and
operates
four
satellite
wagering
facilities,
which
provide
simulcast
pari-mutuel
wagering
on
thoroughbred
and
standardbred
horse
racing
from
selected
racetracks
throughout
the
United
States.
In
addition,
in
February
2001,
the
Company,
through
its
wholly
owned
subsidiary,
Colonial
Holdings
Management,
began
managing
certain
truckstops
in
Louisiana
that
were
acquired
by
an
affiliate
of
the
Company's
principal
shareholder. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CHLD
owns
and
operates
four
Racing
Centers
in
Virginia.
CHLD
also
provides
simulcast
pari-mutuel
wagering
on
Thouroughbred
and
Standardbred
horse
racing
from
selected
racetracks
throughout
the
US.
For
the
six
months
ended
6/30/01,
revenues
rose
6%
to
$14.6
million.
Net
loss
rose
33%
to
$687
thousand.
Revenues
reflect
increased
simulcasting
commissions.
Loss
reflects
increased
fees,
pari-mutuel
taxes,
and
simulcast
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Jeffrey Jacobs, 46 Chairman
and CEO | $120K | Ian Stewart, 45 Pres
and CFO | 136K | Jerry Monahan, 60 VP
of Racing Operations | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|