Penn National Gaming Inc., which is seeking a license to build a resort casino in Maryland, has taken the bold step of announcing it will share its profits with the community in Prince George's County.
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.
On the day the recently forged 10-year agreement between stakeholders in the Maryland racing industry received a formal presentation before the Maryland Racing Commission, a little Christmas bonus was included.
A law expanding casino gambling in Maryland alters some tax and revenue percentages but should keep the horse racing industry whole, according to fiscal projections associated with the measure.
Penn National Gaming Inc. said Aug. 7 it will continue to offer live harness racing at Rosecroft Raceway in Maryland for two more years--if another Prince George's County location isn't chosen as the location for a casino.
Legislation that would divert gaming revenue for horse racing to other sources has been introduced in Maryland, and in Pennsylvania the governor has taken similar action in his 2012-13 state budget.
Penn National Gaming Inc. is making its case for gaming at Rosecroft Raceway, the Maryland harness track it purchased earlier this year and will reopen for live racing Oct. 21.
Rosecroft Raceway, a Maryland harness track that has been closed for live racing since 2008, is expected to reopen for simulcasting Aug. 25 under ownership of a Penn National Gaming Inc. subsidiary.
Penn National Gaming Inc. said June 16 it has a "definitive agreement" to terminate its partnership in the Maryland Jockey Club.
Penn National Gaming Inc. has submitted an application to the Maryland Racing Commission to resume operations at shuttered Rosecroft Raceway June 1.
The Maryland General Assembly April 11 sent a bill that provides millions of dollars to help horse racing to Gov. Martin O'Malley for his signature.
The Maryland horse industry made its case March 15 for legislation that would shift gaming revenue from capital improvements to racetrack operations.
Penn National Gaming Inc. confirmed March 1 it has closed on the purchase of Rosecroft Raceway, a Maryland harness track it won in a bankruptcy auction.
A U.S. District Court judge in Maryland Feb. 2 upheld the purchase of shuttered Rosecroft Raceway by Penn National Gaming Inc., which operates a casino in the state and owns 49% of the Maryland Jockey Club.
Penn National Gaming Inc. will pay $10.25 million for the shuttered Maryland harness racetrack.
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.
A judge with the United States District Court in Maryland has denied Thoroughbred interests' partial motion to dismiss an anti-trust lawsuit filed by a harness track that has suspended operations.
A United States Bankuputcy Court judge in Maryland has tossed out a plan by Cloverleaf Enterprises Inc. to sell Rosecroft Raceway without having to make good on several claims.
A Maryland harness track July 15 was denied a temporary restraining order to force TrackNet Media Group and 15 other racetracks to provide it with Thoroughbred signals.
A Maryland harness track that hasn't offered live racing in almost a year also lost its Thoroughbred simulcast rights April 28 when it was ordered by the Maryland Racing Commission to cease operations.
Penn National Gaming Inc. said Nov. 28 it will not purchase Rosecroft Raceway, a Maryland harness track, in light of the fact the facility will not be eligible for slot machines under legislation passed by the Maryland General Assembly.
Republican members of the Maryland House of Delegates have proposed a state budget that would limit growth in spending and derive hundreds of millions of dollars in revenue from slot machines to combat a $1.5-billion shortfall. There were no details on how the horse industry would benefit.
Principals in the Maryland horse racing and breeding industry have struck a major agreement on issues that have stymied progress in the state and led lawmakers and regulators to often claim the industry is in disarray.
The Maryland Racing Commission has unanimously approved the sale of Rosecroft Raceway to Georgia K. Angelos, wife of Peter Angelos, majority owner of the Baltimore Orioles and a Thoroughbred owner and breeder.
The family of Baltimore Orioles majority owner Peter Angelos signed an agreement Nov. 20 to buy Rosecroft Raceway, a struggling harness track in southern Maryland just outside of Washington, D.C. The deal, if approved by the Maryland Racing Commission, would likely enhance the chances of slot machines being authorized in the state.
- By Tom Keyser
The family of Baltimore Orioles' majority owner Peter Angelos signed an agreement Nov. 20 to buy Rosecroft Raceway, a struggling harness track in Maryland just outside Washington, D.C.
Maryland's Thoroughbred interests have reached agreement with Rosecroft Raceway, a harness track in southern Maryland, on a 90-day resumption of Thoroughbred simulcasting at Rosecroft and the return of night simulcasting at Laurel Park and Pimlico Race Course.
The Maryland Racing Commission June 8 narrowly gave the go-ahead to Magna Entertainment Corp., parent company of the Maryland Jockey Club, to begin rebuilding the turf and dirt tracks at Laurel Park despite strong objections by horsemen.
The Maryland Racing Commission adjourned April 21 after two days of hearings without resolving the ownership issue at Rosecroft Raceway or the simulcasting dispute between the Thoroughbred and Standardbred industries.
Maryland racetracks have laid off or are poised to lay off employees in the wake of a simulcast disagreement between the Thoroughbred and Standardbred industries.
Rosecroft Raceway will not be permitted to offer simulcast wagering of Thoroughbred races effective April 19, according to a statement released Friday evening jointly by the Maryland Jockey Club, the Maryland Thoroughbred Horsemen's Assoc. and the Maryland Horse Breeders' Assoc.
Maryland Gov. Robert Ehrlich Jr. will propose 13,500 slot machines for three racetracks in time to generate $600 million in state tax revenue in two years, legislative sources told the Baltimore Sun.
In a compromise decision at the end of a long and difficult meeting, the owners of Rosecroft Raceway in Maryland voted to sell the Standardbred track to Centaur Inc., part owner of the Hoosier Park in Indiana and casinos in California and Colorado.
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.
Leaders of Maryland's racing industry are scrambling to agree on a racing bill that could persuade the General Assembly to grant as much as $5 million for purses.
- By Tom Keyser
Exasperated by the state racing industry's continued bickering and failure to work together, the Maryland Racing Commission Oct. 29 ordered Thoroughbred and Standardbred factions to resolve conflicts in two weeks or face punitive action that could lead to the denial of racing dates.
Exasperated by the state racing industry's continued bickering and failure to work together, the Maryland Racing Commission on Monday ordered the Thoroughbred and harness factions to resolve conflicts in two weeks or face punitive action that could lead to the denial of racing dates.
Magna Entertainment, owner of The Meadows, hopes to raise about $25,000 Friday night to assist horsemen who lost Standardbreds in a barn fire at the western Pennsylvania racetrack July 6.
Maryland racing officials have confirmed that a $10-million purse subsidy the industry has received in each of the last four years has been rejected by the state Assembly. Purses at Thoroughbred tracks could drop by 15%, according to published reports.
The Maryland Jockey Club has loaned $5.1 million to the owner of Rosecroft Raceway to buy Ocean Downs.
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