RD101 - Virginia Racing Commission 2011 Annual Report


Executive Summary:
In compliance with the provisions of the Code of Virginia Title 59, Chapter 59.1-369 (9) as it relates to horse racing with pari-mutuel wagering, it is my honor and privilege to submit the 2011 Annual Report of the Virginia Racing Commission.

Virginia Racing Commission revenue is generated from a small percentage of every pari-mutuel wager made in the Commonwealth at Colonial Downs or at one of the satellite wagering facilities or by telephone and the internet. This revenue funds the operations of this regulatory agency, permitting us to meet our financial obligation to the General Fund as per the provisions of the Appropriations Act.

The Racing Commission remains committed to protecting the integrity of racing for those who participate and the enthusiastic customers who enjoy it. Additionally we rely on the continued support of horse racing and the equine industry from you and your Administration as well as the General Assembly.

Respectfully submitted,

/s/ Bernard J. Hettel
Executive Secretary