PNGI Won't Purchase Maryland Track
By Tom LaMarra
Wednesday, November 28, 2007 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.
PNGI, in a statement, said “pursuant to its rights under the purchase agreement” it will not to move forward with the acquisition of Rosecroft, which is located just south of Washington, D.C., and just east of Northern Virginia....
Read more: http://www.bloodhorse.com/horse-racing/articles/42231/pngi-wont-purchase-maryland-track#ixzz1O2WGL0b2
PNGI, in a statement, said “pursuant to its rights under the purchase agreement” it will not to move forward with the acquisition of Rosecroft, which is located just south of Washington, D.C., and just east of Northern Virginia....
Read more: http://www.bloodhorse.com/horse-racing/articles/42231/pngi-wont-purchase-maryland-track#ixzz1O2WGL0b2
Penn National close to selling Maryland Jockey Club stake
Rachel Bernstein
Daily Record Business Writer
Daily Record Business Writer
May 17, 2011
Penn National bought its share of the jockey club a year ago with the intent of getting slots approved at Laurel Park. Those plans were quashed when Anne Arundel County voters approved a zoning referendum that effectively gave The Cordish Cos. the right to build a casino at Arundel Mills...
Read more: http://thedailyrecord.com/2011/05/17/penn-national-close-to-selling-maryland-jockey-club-stake/
Penn National applies for license to resume live racing at Rosecroft
Racing would start in July if approved by racing commission
By Andrea K. Walker, The Baltimore Sun
May 6, 2011
... Penn National bought bankrupt Rosecroft in January in an $11 million cash deal outbidding two others, including attorney and Orioles owner Peter Angelos. When purchasing the track, Penn National said it intended to restart racing there...
Schippers said Penn National still thinks slots will eventually need to be allowed at Rosecroft to make it financially viable.
Penn National opened the first slots casino last year in Cecil County and also bought stakes at Laurel Park and Pimlico Race Course, with hopes of bringing slots to Laurel. It eventually wants to do the same at Rosecroft, but Prince George's County is not one of the five designated locations for slots in the state...
Read more: http://www.baltimoresun.com/business/bs-bz-penn-rosecroft-application-20110506,0,3985214.story
Penn National opened the first slots casino last year in Cecil County and also bought stakes at Laurel Park and Pimlico Race Course, with hopes of bringing slots to Laurel. It eventually wants to do the same at Rosecroft, but Prince George's County is not one of the five designated locations for slots in the state...
Read more: http://www.baltimoresun.com/business/bs-bz-penn-rosecroft-application-20110506,0,3985214.story
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