harness racing

Rosecroft’s supporters point fingers at Annapolis

In the wake of Rosecroft Raceway’s announcement that it will be closing July 1, supporters of the Fort Washington harness racing track are pointing fingers at Annapolis.

“They talk about ‘jobs, jobs, jobs,’ and when the Preakness and Pimlico were in trouble, the governor and others ran downstairs to save them,” Sen. C. Anthony Muse, D-Prince George’s, said Wednesday, referring to swift legislative action last year that protected the property and the state’s first right of refusal to the race.

“Here we have 200 jobs on the line and they have done absolutely nothing,” he said.

Kelley Rogers, president of Cloverleaf Enterprises Inc., which owns the race track that declared bankruptcy a year ago, said it was no longer financially viable to keep Rosecroft open.

“It just makes me sick. It really does,” he said. “The Legislature sat on their butt and didn’t do anything to save these jobs.”

Rosecroft Raceway’s license extended through July 1

By Liz Farmer
Daily Record Business Writer

The Maryland Racing Commission Monday voted 5-1 to approve Rosecroft Raceway’s racing license through July 1 after prospective buyer Mark Vogel offered to front money to keep the Fort Washington track operational,

“We live to fight another day,” said Sharon Roberts, executive director of Cloverleaf Standardbred Owners Association, the track owner’s parent company.

In a lengthy hearing Tuesday afternoon at Pimlico Race Course, officials from Rosecroft’s owner, Cloverleaf Enterprises Inc., testified on the harness track’s financial viability.

Cloverleaf President Kelly Rogers said with Vogel’s $350,000 loan and a $150,000 loan from the Cloverleaf Standardbred Owners Association, the track could remain operational through July 1. Both loans are subject to approval by a bankruptcy court judge.

Rosecroft Raceway sale blocked

By Liz Farmer
Daily Record Business Writer

A bankruptcy judge has denied the proposed sale of Rosecroft Raceway to developer Mark Vogel, calling it a “sell out” that’s unfair to the track’s creditors and the harness racing industry. The track’s owners must instead sell Rosecroft through a traditional Chapter 11 reorganization plan.

Meanwhile, Rosecroft owner Cloverleaf Enterprises Inc. notified its employees and shareholders Monday that if the track does not succeed with its legislative initiatives this session, which ends April 12, Rosecroft will close on April 19.

Cloverleaf’s notice portrayed the sale to Vogel as an option for the track’s immediate survival that had been eliminated. While Vogel remains an interested buyer, the notice said legislation, which includes legalizing poker at the track, is the remaining course for keeping the track open.

Bill seeks ouster of racing panel chairman

By Liz Farmer
Daily Record Business Writer

Racing commission chairman John Franzone says he continues to serve because “the governor hasn’t appointed anyone else.”

The sponsor of a bill that proposes reorganizing the Maryland Racing Commission is asking the governor to immediately remove the chairman of the state’s governing body for horse racing and launch an investigation into the commission’s conduct.

Sen. Anthony C. Muse, D-Prince George’s, said that commission Chairman John Franzone has violated his term limit as by nearly a year, according to the Maryland Business Code, which allows two, consecutive one-year terms as chairman. Franzone was appointed chairman in 2007.

Muse is also asking that Franzone be removed from the commission immediately.

Vogel reaches agreement to buy Rosecroft

LIZ FARMER
Daily Record Business Writer
July 9, 2009 12:48 PM

Mark Vogel and Rosecroft Raceway have agreed that the Greenbelt-based developer will buy the harness racing track for more than $10 million.

The board of directors for Cloverleaf Enterprises Inc., which owns the Prince George’s County track, approved the sale Wednesday night in a unanimous vote, according to Cloverleaf President Kelley Rogers.

“We are thrilled,” said Rogers. “It’s going to allow for a long-term future here at Rosecroft. I think Mark’s going to be a good owner with great ideas.”

Vogel said Thursday he was not ready to reveal more specifics, including the exact price for the track, because he was still ironing out an agreement with a lender. But he said a portion of the deal included money for subsidizing live racing.

Although Vogel, who has been in talks with Cloverleaf for months, said he was excited to move forward, he also said he is anxious to reach an agreement with Maryland’s thoroughbred industry on Rosecroft’s right to simulcast and take bets on thoroughbred races.

“The truth is none of that really matters until we have a simulcast agreement,” Vogel said. “And without simulcast, Rosecroft goes nowhere.”

Cloverleaf files $20M suit against MD Thoroughbred Horsemen’s Assn.

LIZ FARMER
Daily Record Business Writer
July 6, 2009 8:04 PM

The bankrupt owner of Rosecroft Raceway filed a $20 million suit Monday against the Maryland Thoroughbred Horsemen’s Association, the Maryland Jockey Club and 15 other defendants, and is promising more suits to come against others in the industry.

“Somebody finally had to stand up to these people,” said Kelley Rogers, president of Cloverleaf Enterprises Inc. He added there will be “many more still to come in the days ahead,” including an antitrust action and a possible suit against the Maryland Racing Commission.

Monday’s complaint claims that defendant TrackNet Media Group LLC, co-owned by Churchill Downs Inc. and jockey club parent Magna Entertainment Corp., is interfering with Rosecroft’s simulcast agreement with tracks owned and operated by Churchill and Magna.

Rosecroft, a harness racing track in Prince George’s County, stopped live racing last year, and simulcast betting is its only form of gambling revenue.

Vogel to push for ‘alternative gaming’ at Rosecroft Raceway

LIZ FARMER
Daily Record Business Writer
June 22, 2009 7:03 PM

Greenbelt developer Mark R. Vogel would reinstate live racing at Rosecroft Raceway and plans to push for alternative gaming there if he succeeds in buying the bankrupt harness racing track.

“We’re working to get a deal structured where I’m putting up enough money so we can start live racing next year,” Vogel said Monday.

He added he is also hoping for revenue from slots to start coming in next year to boost the track’s purses.

“So the goal is to show Rosecroft can be a prominent live racing venue again,” he said.

Vogel, who owned Rosecroft in the late 1980s and early 1990s, would not elaborate on what alternative gaming he was considering except to say he was meeting with community members on the topic and looking beyond slot machines.

Rosecroft Raceway may reopen this weekend

LIZ FARMER
Daily Record Business Writer
May 1, 2009 12:53 PM

Rosecroft Raceway, which earlier this week had its simulcast wagering signal yanked, may be back open to take bets on the Kentucky Derby Saturday.

A Prince George’s County Circuit Court judge has issued a temporary restraining order that would allow the track to regain its televised signal for thoroughbred racing and simulcast wagering, but it is contingent upon payment of a $2 million bond — money that raceway owner Kelley Rogers says he does not have.

Rogers and his attorney are asking the judge to change the order to require a cash bond in the “hundreds of thousands,” Rogers said. With about $700,000 in cash on hand, the bond payment would nearly deplete the raceway’s immediate funds but keep it open for one of its biggest moneymaking days of the year.

Rogers said this year’s projected profit from bets placed during the Kentucky Derby day is about $140,000, if Rosecroft reopens.

Rosecroft Raceway’s simulcast signal is pulled

LIZ FARMER
Daily Record Business Writer
April 28, 2009 7:19 PM

Four days before the Kentucky Derby, the Maryland Racing Commission has voted to cut off Rosecroft Raceway’s simulcast signal of thoroughbred races in response to the track owner’s refusal to pay a $5.9 million fee for the signal rights.

The 6-2 vote came during a contentious commission meeting held at Pimlico Race Course Tuesday. One member was absent from the meeting.

Kelley Rogers, president of Cloverleaf Enterprises Inc., the horsemen-owned parent company of Rosecroft, said after the meeting he intends to file a motion in Price George’s County Circuit Court Wednesday requesting a stay order on the commission’s action.

If granted, the order would allow Rosecroft, which has suspended live racing and functions solely as a simulcast betting site, to take bets on the Kentucky Derby this Saturday.