Statement from Maryland Labor Secretary on Maryland Racing Commission Conditional Approval of Prince George's Racing Ventures as Operator of Rosecroft Raceway


LAUREL, MD (July 6, 2011) – Earlier today, the Maryland Racing Commission - a commission administered by the Maryland Department of Labor – gave conditional approval to Prince George's Racing Ventures' application to operate Rosecroft Raceway in Prince George's County.

Under the conditions set forth by the Commission, Penn National Gaming, Inc., the parent company for Prince George’s Racing Ventures, must guarantee the track’s operations through 2012 and Rosecroft must host 20 live racing meets through the end of this year and 54 in 2012. With a license to operate the Rosecroft facility approved by the Commission, racing can return to Prince George’s County as soon as August 1, 2011.

Maryland Labor Secretary Alexander M. Sanchez released the following statement:

“Today's conditional approval is an important milestone that will bring jobs back to Rosecroft Raceway. Still, we must develop a sustainable plan for the racing industry across Maryland and our work to find agreement with breeders, owners and track operators will continue in earnest in the weeks and months ahead.”