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Thursday, June 25, 2009

Rosecroft Rises?

In an article in the Baltimore Sun, there apparently is a tentative agreement for the former owner of Rosecroft Raceway to repurchase the track out of bankruptcy. It is noted that the former owner had filed bankruptcy for Rosecroft when he owned it but it is pointed out that Rosecroft was successful, it was other real estate deals that forced the bankruptcy. Mark Vogel, the prospective purchaser has indicated he intends to resume racing as soon as possible.

Before the deal can close, there needs to be a resolution with the Maryland t-bred interests regarding money owed them for allowing Rosecroft to simulcast the runners. It is also noted that Vogel is hoping to bring slots to Rosecroft eventually, something not allowed under current Maryland law.

With other horse tracks closing, Hollywood Park is likely racing its last meet and Ellis Park has announced they are closing after this year after the KY slot bill failed, it is nice to see Rosecroft may be coming back to life as an active racing facility.

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