BUSINESS
By Hanah Cho, The Baltimore Sun | July 6, 2011
State racing regulators agreed Wednesday to grant a license for Rosecroft Raceway to resume live racing after a three-year hiatus, but placed financial conditions on the owner that some say will keep the facility's operations in limbo. Expressing concerns about the harness track's financial viability, the Maryland Racing Commission voted 7-1 to order parent Penn National Gaming to cover projected operating losses for 2011 and 2012. The decision means live racing won't necessarily resume any time soon at the Prince George's County track.
BUSINESS
By Hanah Cho, The Baltimore Sun | August 11, 2010
Maryland Secretary of State John P. McDonough, who is spearheading efforts to keep Rosecroft Raceway open, said Wednesday that there are two or three potential parties who have expressed interest in buying the harness track that closed in June. McDonough said the unidentified potential purchasers would be willing to step up if real estate developer Mark Vogel, a former owner of the track, is not successful in re-acquiring it. A Delaware bankruptcy judge earlier this year rejected Vogel's deal to purchase the track, which filed for bankruptcy in June 2009.
BUSINESS
By Hanah Cho, The Baltimore Sun | June 16, 2010
Rosecroft Raceway, the bankrupt racetrack in Prince George's County, will close July 1 after running out of money to operate — in yet another setback for the ailing horse racing industry in Maryland. Rosecroft had been struggling for years as it saw a revolving door of owners, stopped running live racing and then lost the right to broadcast simulcast thoroughbred races. Earlier this year, the state legislature rejected a bill sought by the track to legalize poker and table games there.
NEWS
By Julie Bykowicz and Baltimore Sun reporter | January 14, 2010
Senate President Thomas V. Mike Miller wants a slot-machine parlor in his native Prince George's County, a desire that threatens to inflame the gambling debate in Annapolis once again as lawmakers consider minor changes to bolster the state's fledgling slots program. Miller, a Democrat who represents Calvert and Prince George's counties, said Thursday that he is in discussions with Prince George's leaders and others about bringing gambling to the county to help save Rosecroft Raceway, a long-struggling harness track.
NEWS
By Gadi Dechter and Gadi Dechter,Sun reporter | August 17, 2008
OCEAN CITY - The dusty harness track in Berlin, with its minor-league charm and horse-and-buggy night races, is no threat to the tourism juggernaut on the beach five miles away - and that's just how Ocean City business and political leaders want to keep it. But if Marylanders vote in November to legalize slot machine gambling, Ocean Downs is the likely site for a 2,500-machine casino, a prospect that conjures nightmares in the minds of town officials, who...
SPORTS
By Sandra McKee and Sandra McKee,Sun reporter | August 11, 2007
A deal to sell Rosecroft Raceway to Penn National Gaming was announced by both parties yesterday after a full vote of the Cloverleaf Standardbred Owners Association approved the deal that had been tentatively accepted two weeks ago. "I think this is a very definite positive for the harness industry," said Tom Chuckas Jr., Rosecroft's chief executive officer. "I see it stabilizing racing here at Rosecroft for an extended period of time for the harness horsemen in purses and days of racing.