October 18, 2011
Rosecroft Raceway, founded in 1949 and closed in 2008, will reopen its doors on a new harness racing season Friday night. "We're ecstatic," Tom Cooke, president of the Cloverleaf Standardbred Owners Association, told the Maryland Racing Commission at its regular monthly meeting Tuesday. " We're back to live racing, something a lot of people didn't think would ever happen. " Rosecroft is opening for 20 days of live racing on Friday and Saturday nights. It will feature a 10-race card with post time at 6:45 p.m. Cooke also told the Commission that Penn National, the track's new owner, is increasing the total nightly purse from $16,000 to $25,000.
September 27, 2011
A Prince George's County Council member, hoping to keep slots out of the county, introduced a bill Tuesday that would ban the gambling devices. The proposal comes just weeks after Rosecroft Raceway was reopened by its new owner, Penn National Gaming, which wants to offer slots and perhaps poker and other table games at the Fort Washington track. Proponents say Rosecroft, which went bankrupt and closed in 2010, cannot survive on horse racing alone. But many local leaders opposed bringing slots to Prince George's when they were authorized in other Maryland counties in 2008.
August 22, 2011
Rosecroft Raceway, which had been shuttered since last year, will re-open for simulcast races on Thursday. Under a new ownership, the Prince George's County harness track will open seven days a week to accept bets on harness and quarterhorse races from across the country. The track will resume live racing on Oct. 21 after a nearly three-year absence. Casino operator Penn National Gaming bought Rosecroft for $11 million earlier this year in a bankruptcy auction. Hanah.email@example.com An earlier version of this article misstated the amount of money for which Rosecroft sold at auction.
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.
July 13, 2011
We are disappointed to read the latest editorial attack against Penn National Gaming by The Sun ("Penn National's bluff," July 8). How can The Sun advocate that Penn be expected to write a blank check to cover years of potential future operating losses at the track as a condition of our racing license? The Sun readily acknowledges the challenges in running a failing business whose viability as a stand-alone racing enterprise is doubtful absent a long-term alternative revenue stream.
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.