Greenwood, Centaur Suitors for Maryland Track
At its general membership meeting Aug. 13, the Cloverleaf Standardbred Owners Association discussed two unsolicited proposals for the purchase of Rosecroft Raceway in Maryland from two racing corporations, one of which is Greenwood Racing. But the harness track apparently isn't for sale.Greenwood is the parent company of Philadelphia Park and its six off-track wagering sites in Pennsylvania, as well as Atlantic City Race Course in New Jersey. It jointly owns Freehold Raceway in New Jersey with Penn National Gaming."Rosecroft Raceway is not for sale," said Sharon Roberts, executive vice president of Cloverleaf, a horsemen's association that owns the harness track through Cloverleaf Enterprises. "But we had two unsolicited bids, and they presented their proposals to our members. There was no vote, just a chance for the membership to have something to chew on."Hal Handel, chief executive officer of Greenwood, said he had "no comment on the Maryland issue, unfortunately."The other company said to be interested in Rosecroft is Centaur, which owns part of Hoosier Park in Indiana.The offers come at a time of change in Maryland. There has been talk of a renewed effort to push for racetrack slot machines given a change in the political climate. Meanwhile, Magna Entertainment recently struck a deal with the Maryland Jockey Club to purchase Laurel Park and Pimlico Race Course.Magna and Greenwood teamed up last year in a bid for New York City Off-Track Betting Corp., and also are partners in the Racetrack Television Network.
by Linda Dougherty
Date Posted: 8/20/2002 8:18:59 AM
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