The prospect of changes in Maryland’s law governing slot machines has led Baltimore Orioles owner Peter Angelos to again make a bid to purchase bankrupt Rosecroft Raceway, located just south of Washington, D.C.
The Baltimore Sun reported in its Jan. 5 edition that Angelos’ bid, one of five for the shuttered harness track, was the best submitted. An Angelos entity would pay $9 million in cash plus another $5 million if slots are approved for the track and operational by Dec. 1, 2012, the newspaper reported.
Rosecroft hasn’t held a regular live racing meet since 2009. Earlier this year it closed for full-card simulcasts after a dispute with Maryland Thoroughbred interests over the terms of an agreement.
Angelos himself can’t own Rosecroft under the rules of Major League Baseball. The Sun said the proposed ownership and management structure is unclear.
Penn National Gaming Inc., a partner in the Maryland Jockey Club, has expressed interest in lobbying for slots at Laurel Park. Maryland law would need to be changed to accommodate slots at Laurel and other locations such as Rosecroft.
The Sun reported the Angelos group plans to ask the state for some financial assistance to get live racing up and running at Rosecroft perhaps later this year using funds from slots already operating at two facilities in Maryland.