SPORTS
By Ross Peddicord and Ross Peddicord,Sun Staff Writer | March 24, 1995
Colt Enterprises, the operator of financially troubled Rosecroft and Delmarva raceways, announced last night that it will cancel more than $1 million in stakes races, including the July 1 Messenger Stakes, the first leg of pacing's Triple Crown.The company released a statement saying that preliminary business projections show that "cash funds will not be available" to pay for purses for the races.About a month ago, Rosecroft dropped one live racing card per week and reduced purses in order to cut costs and stay in business.
SPORTS
By Kent Baker and Kent Baker,Sun Staff Writer | May 12, 1994
Colt Enterprises, Inc., the owners of harness tracks Rosecroft Raceway and Delmarva Downs, presented a bleak financial picture at the Maryland Racing Commission's monthly meeting yesterday.John Kuhn, vice president of Colt, said the tracks have lost $4.8 million since Colt purchased them 31 months ago. But he added a more optimistic note."If all the entities that we work with pull together and they get a few breaks, I think harness racing [in Maryland] can survive and go on," Kuhn said in response to a question from commissioner John H. "Jack" Mosner Jr."
SPORTS
By Marty McGee | June 4, 1991
The sale of Rosecroft Raceway and Delmarva Downs was approved yesterday by trustee Jim Murphy, signaling a likely end to a stormy chapter in Maryland harness racing history.Murphy, trustee of the tracks since they were placed under the protection of a federal bankruptcy court in January, approved an $18.2 million bid by Colt Enterprises Inc., a company fully owned by Frederick Weisman of California."The proposal will be subject to the federal bankruptcy court for approval," Murphy said in a prepared statement.
SPORTS
By Kent Baker and Kent Baker,Sun Staff Writer | August 29, 1995
Bally Entertainment Corp. yesterday announced the appointment of Dennis O. Dowd as the new president of Rosecroft Raceway and Delmarva Downs, effective Sept. 11.Dowd, 47, has an extensive background in harness and thoroughbred racing in New Jersey and is leaving the presidency of Freehold Raceway for his new position.During his tenure at Freehold, attendance and handle improved annually with his innovations regarding simulcasting, off-track betting growth and service to fans receiving much of the credit.
SPORTS
By From Staff Reports | January 26, 1994
Rosecroft Raceway's scheduled program last night was canceled after the drivers met and decided not to race because of frost beneath portions of the track.Rosecroft was open only for simulcasting from The Meadowlands after losing its seventh consecutive racing day to weather problems.
SPORTS
By Special to The Sun | August 26, 1995
FORT WASHINGTON -- Electric Yankee, a 2-year-old colt with strong Maryland connections, is the 5-2 favorite for the richest race of the year at Rosecroft Raceway, tonight's $133,448 Wayne Smullin Memorial Pace Final.Electric Yankee, a son of Jate Lobell, is driven by Rosecroft regular John Wagner and is owned by the Keller and Bittle families of Frederick. Electric Yankee last week came within 2/5 of a second of the divisional track record when he won in 1:54.Also pacing in 1:54 last week was Bull Hanover, who will have to overcome the outside post nine for trainer/driver Bruce Riegle.