Horse racing returns to Rosecroft Raceway for the first time in three years on Friday, but the new owner of the track says it is unlikely to survive long-term without slot machines, a tough sell in Prince George’s County.
Ten harness races will take place at the track on Friday night, the first of 20 scheduled racing dates this fall.
“Hopefully we can eventually draw back some of the horses that have left (Maryland),” said Chris McErlean, vice president of racing at Penn National Gaming Inc., the company that bought the track out of bankruptcy in February.
On Thursday, workers finished preparing the track for the return of racing. They washed windows, fixed lights and put new signs around the facility.
Dave Herbst, who is overseeing renovations at Rosecroft, said the facility has come a long way since workers began fixing it in May. Grass had grown 3-feet high in the infield and they had to repair large holes in the track surface.
“It should’ve never closed down in the first place,” said Mr. Herbst, who has worked at Rosecroft for decades.
The raceway closed completely in July 2010 after it lost its ability to simulcast races from other tracks, but Rosecroft was in financial trouble well before that.
Cloverleaf Enterprises Inc., the owner at the time, stopped live racing in 2008 in a last-ditch attempt to stay open. After Penn National Gaming purchased the track, they brought back simulcast races in August.
Although Penn National Gaming is celebrating the reintroduction of live racing, the company has repeatedly stressed that it cannot be sustained if the state does not allow slot machines at the track.
Maryland has already approved installing slot machines in five other locations in the state — the maximum number allowed by a 2008 referendum — meaning Marylanders would have to vote again to bring slots to Rosecroft.
Prince George’s County leaders are strongly opposed to the move. Local clergy don’t want slot machines in the county and the Prince George's County Council will soon consider a bill that would ban slot machines in the county.
“I don’t think slots are real economic development,” said Councilman Eric Olson, College Park Democrat, who proposed the bill. “They take in a lot more money than they give out and we have record foreclosures and people in very vulnerable economic conditions.”
Despite the opposition, Ms. Bailey said pairing horse racing and slots has proved to be the most successful, sustainable business model to keep racetracks afloat. She pointed to racetracks in West Virginia and Pennsylvania that have slots as proof of that success.
She said slot machines would help the track by attracting more gamblers and providing additional revenue that would increase the purse amount for each race. That would bring better horses, in turn attracting more bettors to the track, she said.View Entire Story
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