Document:

Subsidiary Guarantees Dated June 28, 2002 Colonial Downs, L.P.

 Exhibit 4.33(b) 
  
 SUBSIDIARY GUARANTEE 
  
 The Subsidiary Guarantor listed below (hereinafter referred to as the “Subsidiary Guarantors,” which term includes any successors or assigns
under the Indenture and any additional Subsidiary Guarantors), have irrevocably and unconditionally guaranteed the Guarantee Obligations, which include that: (a) the principal of, and premium and interest and Additional Interest, if any, on the
11 7/8% Senior Secured Notes due 2009 (the “Notes”) of Gameco, Inc. (renamed Jacobs Entertainment,
Inc., the “Company”), shall be duly and punctually paid in full when due, whether at maturity, by acceleration or otherwise, and interest on overdue principal, and premium, if any, and (to the extent permitted by law) interest on any
interest, if any, on the Notes and all other Obligations of the Company to the Holders or the Trustee hereunder or under the Notes or under the Collateral Documents (including fees, expenses or other) shall be promptly paid in full or performed, all
in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other Obligations, the same shall be promptly paid in full when due or performed in accordance with the terms
of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
  
 The Obligations of each Subsidiary Guarantor to the Holders and to the Trustee pursuant to this Subsidiary Guarantee and this Indenture are expressly set forth in Article 12 of the Indenture and reference is hereby
made to such Indenture for the precise terms of this Subsidiary Guarantee. The Obligations are secured by a pledge of the Collateral pursuant to Articles 10 and 11 of the Indenture and the Collateral Documents. 
  
 No stockholder, officer, director or incorporator, as such, past, present or
future of each Subsidiary Guarantor shall have any liability under this Subsidiary Guarantee by reason of his or its status as such stockholder, officer, director or incorporator. 
  
 Except as set forth in the Indenture, this is a continuing Guarantee and shall remain in full force and effect and shall be
binding upon each Subsidiary Guarantor and its successors and assigns until full and final payment of all of the Company’s Obligations under the Notes and the Indenture and shall inure to the benefit of the successors and assigns of the Trustee
and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all
subject to the terms and conditions hereof. This is a Guarantee of payment and not of collectibility. 
  
 The Obligations of each Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the extent necessary to insure that it does not constitute
a fraudulent conveyance under applicable law. 
  
 THE TERMS OF
ARTICLE 12 OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

 Capitalized terms used herein have the same meanings given in this Indenture unless otherwise indicated.

  
 Dated as of June     , 2002 
  

			
	 COLONIAL DOWNS, L.P.

		
	 By:
	 	 STANSLEY RACING CORP.

	 	 	 its General Partner

	 By:
  
	 	  

	 Name: Ian M. Stewart

	 Title: PresidentSubsidiary Guarantees Dated June 28, 2002  Stansley Racing Corp.

 Exhibit 4.33(c) 
  
 SUBSIDIARY GUARANTEE 
  
 The Subsidiary Guarantor listed below (hereinafter referred to as the “Subsidiary Guarantors,” which term includes any successors or assigns
under the Indenture and any additional Subsidiary Guarantors), have irrevocably and unconditionally guaranteed the Guarantee Obligations, which include that: (a) the principal of, and premium and interest and Additional Interest, if any, on the
11 7/8% Senior Secured Notes due 2009 (the “Notes”) of Gameco, Inc. (renamed Jacobs Entertainment,
Inc., the “Company”), shall be duly and punctually paid in full when due, whether at maturity, by acceleration or otherwise, and interest on overdue principal, and premium, if any, and (to the extent permitted by law) interest on any
interest, if any, on the Notes and all other Obligations of the Company to the Holders or the Trustee hereunder or under the Notes or under the Collateral Documents (including fees, expenses or other) shall be promptly paid in full or performed, all
in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other Obligations, the same shall be promptly paid in full when due or performed in accordance with the terms
of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
  
 The Obligations of each Subsidiary Guarantor to the Holders and to the Trustee pursuant to this Subsidiary Guarantee and this Indenture are expressly set forth in Article 12 of the Indenture and reference is hereby
made to such Indenture for the precise terms of this Subsidiary Guarantee. The Obligations are secured by a pledge of the Collateral pursuant to Articles 10 and 11 of the Indenture and the Collateral Documents. 
  
 No stockholder, officer, director or incorporator, as such, past, present or
future of each Subsidiary Guarantor shall have any liability under this Subsidiary Guarantee by reason of his or its status as such stockholder, officer, director or incorporator. 
  
 Except as set forth in the Indenture, this is a continuing Guarantee and shall remain in full force and effect and shall be
binding upon each Subsidiary Guarantor and its successors and assigns until full and final payment of all of the Company’s Obligations under the Notes and the Indenture and shall inure to the benefit of the successors and assigns of the Trustee
and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all
subject to the terms and conditions hereof. This is a Guarantee of payment and not of collectibility. 
  
 The Obligations of each Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the extent necessary to insure that it does not constitute
a fraudulent conveyance under applicable law. 
  
 THE TERMS OF
ARTICLE 12 OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

 Capitalized terms used herein have the same meanings given in this Indenture unless otherwise indicated.

  
 Dated as of June     , 2002 
  

			
	 STANSLEY RACING CORP.

		
	 By:
	 	  

	 Name: Ian M. Stewart

	 Title: PresidentJoinder Agreements Dated June 28 2002 Colonial Holdings, Inc.

 Exhibit 4.34(a) 
  
 COLONIAL HOLDINGS, INC. 
 10515 Colonial Downs Parkway 
 New Kent, Virginia 23124 
  
 June     , 2002 
  
 Wells Fargo Bank Minnesota, National Association 
 Corporate Trust Services

 213 Court Street - Suite 902 
 Middletown, CT 06457 

 
 Ladies and Gentlemen: 
  
 Reference is made to that certain security agreement (as amended, amended and restated, supplemented or otherwise modified
from time to time, the “Security Agreement”; capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement), dated as of February 8, 2002, among Gameco, Inc.
(renamed Jacobs Entertainment, Inc., the “Issuer”), each of the Guarantors listed on the signature pages thereto or from time to time party thereto by execution of a joinder agreement, and Wells Fargo Bank Minnesota, National
Association, as Trustee (in such capacity and together with any successors in such capacity, the “Trustee”). 
  
 This letter supplements the Security Agreement and is delivered by the undersigned, COLONIAL HOLDINGS, INC., a Virginia corporation (the “New
Pledgor”), pursuant to Section 3.5 of the Security Agreement. The New Pledgor hereby agrees to be bound as a Guarantor and as a Pledgor by all of the terms, covenants and conditions set forth in the Security Agreement to the same
extent that it would have been bound if it had been a signatory to the Security Agreement on the execution date of the Security Agreement and without limiting the generality of the foregoing, hereby grants and pledges to the Trustee, for its benefit
and for the benefit of the Secured Parties, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, a Lien on and security
interest in, all of its right, title and interest in, to and under the Pledged Collateral and expressly assumes all obligations and liabilities of a Guarantor and Pledgor thereunder. The New Pledgor hereby makes each of the representations and
warranties and agrees to each of the covenants applicable to the Pledgors contained in the Security Agreement. 
  
 As to the New Pledgor, the New Pledgor represents, warrants and agrees that in connection with its obligations under Section 3.4(b) of the Security
Agreement that (i) as of the date hereof the Trustee has a perfected security interest in each Deposit Account described on Schedule 3.4(b) annexed hereto other than by control (such Deposit Accounts, the “Non-Controlled Accounts”) and
(ii) with respect to each Non-Controlled Account, the New Pledgor shall, within thirty (30) days after the date hereof either (1) enter into a control agreement with the applicable depositary which form shall be in form and substance reasonably
acceptable to the Trustee and shall perfect the Trustee’s security interest in such Deposit Account by control or (2) close such Deposit Account. 
  
 Attached hereto are supplements to each of the schedules to the Security Agreement with respect to the New Pledgor. Such supplements shall be deemed to be
part of the Security Agreement. 

 This agreement and any amendments, waivers, consents or supplements hereto may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all such counterparts together shall constitute one and the same agreement. 
  
 THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  

 2 

 IN WITNESS WHEREOF, the New Pledgor has caused this letter agreement to be executed and delivered by its
duly authorized officer as of the date first above written. 
  

			
	 COLONIAL HOLDINGS, INC.

		
	 By:
	 	  

	     Name:
	 	 Ian M. Stewart

	     Title:
	 	 President

  
 AGREED TO AND ACCEPTED:

  
 WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, 
 as Trustee 
  

			
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

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