State examines Rosecroft's finances

December 19, 1996|By Tom Keyser

The new managers of Rosecroft Raceway, the harness track in Prince George's County, will appear before the Maryland Racing Commission today to answer questions about the track's fiscal soundness.

A three-person team from Cloverleaf Enterprises Inc., owners of Rosecroft, took over management of the track last week.

In an agreement reached Friday with Bally's Maryland Inc., a subsidiary of the casino and hotel giant, Cloverleaf gave up ownership of Ocean Downs, Maryland's other harness track on the Eastern Shore, but retained Rosecroft and replaced Bally's management team with its own.

Gerald Brittingham, president of both Cloverleaf Enterprises and the Cloverleaf Standardbred Owners Association, is leader of the new management team. The agreement with Bally's, he said, "gives us breathing room, if nothing changes, to operate for at least two more years."

Pub Date: 12/19/96

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