SPORTS
Sun staff report | October 22, 2011
Racing history could be made at Laurel Park as Rapid Redux, who has won 18 consecutive starts, looks to tie the all-time North American record of 19 straight victories held by Zenyatta and Peppers Pride, when he starts in Thursday afternoon's 6 th race, a $20,000 starter allowance. The seven-furlong test drew seven runners, including Maryland Million Starter Handicap winner Shordzwatyadrink. Rapid Redux will start from post position six. Post time will be approximately 3:30 p.m. βIt looks good,β owner Robert Cole said.
NEWS
October 6, 2011
It's difficult to know whether to be more insulted or admiring of Penn National Gaming's latest effort to milk the residents of Maryland (and perhaps some surrounding states) for all they are worth. For sheer chutzpah, it's hard to beat a company that releases not one but two consultants' studies revealing that turning Rosecroft Raceway into a massive casino could be extremely profitable for - drum roll, please - - Penn National Gaming. Well, duh. Was there some doubt lingering in the public's mind that installing thousands of slot machines as well as possible table games in a brand-new facility in the Washington suburbs might generate much in the way of jobs or revenue?
BUSINESS
By Hanah Cho, The Baltimore Sun | October 5, 2011
Renewed jostling to expand gambling in the state began Wednesday as a national casino operator painted its proposal to build a casino in Prince George's County as good for taxpayers and as Frederick County lawmakers asked constituents if they want slots there. Penn National Gaming, which owns a slots parlor in Cecil County, released economic impact studies that found that slots at its Rosecroft Raceway horse-racing track in Prince George's would generate at least $346 million in tax revenue in the first year of operation.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | July 29, 2011
Rosecroft Raceway will resume horse racing in three weeks after state regulators came to an agreement Friday with the facility's owner over operating losses. The Maryland Racing Commission voted unanimously to accept a proposal by Penn National Gaming to take out a $1.4 million line of credit to cover projected operating losses at Rosecroft for 2011 and 2012. This will allow the track that closed last year to begin simulcasting races next month and live harness racing in October.
NEWS
July 7, 2011
When Penn National Gaming bought the bankrupt Rosecroft Raceway this year, it promised to resume live harness racing there for the first time in nearly three years. To be sure, the giant national gambling conglomerate made clear its intent to also seek slot machines or other kinds of expanded gambling there. But the commitment to resuming racing sounded unconditional: "As the largest operator of pari-mutuel facilities in the country, and the host to an industry high 1,300 live racing events annually, we are uniquely qualified and look forward to working with Rosecroft stakeholders to attempt to restore live racing," the company's CEO, Peter M. Carlino, said in a news release after the purchase was finalized.
BUSINESS
By Hanah Cho, The Baltimore Sun | June 16, 2011
The co-owners of Laurel Park and Pimlico Race Course have ended their tumultuous one-year partnership, leaving Maryland's thoroughbred racetrack operator with a single owner. Penn National Gaming said Thursday it had agreed to sell its minority stake in the Maryland Jockey Club to horse owner and breeder Frank Stronach. The breakup comes as the struggling racing industry works on a long-term plan to secure the future of a sport that has seen attendance and betting decline for at least a decade, especially as neighboring states opened casinos years before Maryland.