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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 10, 1997
COLONIAL DOWNS HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
VIRGINIA 333-18295 54-1826807
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10515 Colonial Downs Parkway, New Kent, Virginia 23124
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(Address of principal executive offices)
Registrant's telephone number, including area code (804) 966-7223
Former name of former address, if changed since last report
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ITEM 5. OTHER EVENTS
O.J. Peterson III, President and Chief Operating Officer of Colonial
Downs Holdings Inc. and its subsidiaries (the "Company"), has decided to retire
effective January 1, 1998. Jeffrey Jacobs, Chief Executive Officer and Board
Chairman, will assume the duties of President on January 1, 1998, on an interim
basis. Ian Stewart, Vice President and Chief Finanical Officer, has been
promoted to Chief Operating Officer/Chief Financial Officer of the Company
effective today. In addition, Jerry Monahan has been promoted to Vice President
of Racing Operations effective today.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
COLONIAL DOWNS HOLDINGS, INC.
December 10, 1997 /s/ Ian M. Stewart
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Ian M. Stewart, Chief Financial/
Operating Officer
