Penn National Gaming Inc. has submitted a formal proposal to build a $700 million casino and resort on the grounds of Rosecroft Raceway, a harness track located just south of Washington, D.C., in Prince George's County, Md.
PNGI owns Rosecroft, which is located several miles from the National Harbor. MGM Resorts International hopes to build a casino and resort at that location.
A 2012 referendum approved by Maryland voters calls for a major casino at one of the locations. Both casino companies spent tens of millions of dollars on the referendum; PNGI fought it for a number of reasons, including the fact it owns a racetrack and stand-alone casino in Maryland.
PNGI, in a May 10 proposal to the Maryland Video Lottery Facility Location Commission, said Hollywood Casino Resort at Rosecroft Raceway would offer VLTs, live table games; a poker room; a hotel with a pool and spa; food and beverage options; an entertainment and multi-purpose event center; a new grandstand for horse racing; and structured and surface parking.
"We believe our proposed Hollywood Casino Resort at Rosecroft Raceway represents the best way forward for Prince George's County and the state of Maryland as it ensures the track's long-term viability, provides further stability to the local horsemen and the state's horse racing industry, brings significant new investment and employment to the area and will be a long-term driver of elevated economic activity," said Tim Wilmott, PNGI president and chief operating officer. "We are looking forward to a fair and objective selection process and working with the local community and the state regulators to make this vision of a Rosecroft Raceway of the future a reality."
Rosecroft, which opened in 1949, closed in 2010 but reopened for live racing and full-card simulcasts in 2011 after the PNGI purchase. When VLT casinos were first authorized by voters in Maryland, Prince George's County wasn't among the five locations earmarked for VLTs.