Cloverleaf Enterprises Inc.

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.

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.

Former owner says he has tentative Rosecroft deal

LIZ FARMER
Daily Record Business Writer
June 24, 2009 2:55 PM

The former owner of Rosecroft Raceway says he has reached a deal to buy back the bankrupt harness racing track in Prince George’s County — but the Greenbelt developer is still far from clearing another hurdle in bringing live racing back to the track.

Mark R. Vogel, who owned the track in the late 1980s and early 1990s, said Rosecroft parent Cloverleaf Enterprises Inc. has agreed to a deal to sell the track. Vogel declined to reveal the terms and referred all questions to Cloverleaf President Kelley Rogers, who did not return calls Wednesday.

The sale would need to be approved by the Cloverleaf board of directors, which Vogel expects, and the judge overseeing Cloverleaf’s bankruptcy case in the U.S. Bankruptcy Court for the District of Maryland in Greenbelt. Vogel’s race track license would also have to be approved by the Maryland Racing Commission.

Vogel in talks for Rosecroft Raceway

LIZ FARMER
Daily Record Business Writer
June 19, 2009 8:41 PM

A Greenbelt-area developer with a mottled past as the former owner of the now-bankrupt Rosecroft Raceway is in talks to again purchase the Prince George’s County harness racing track.

But the move could hinge on whether the thoroughbred industry will reauthorize the track’s right to broadcast and take bets on their races.

Mark R. Vogel, president of Mark Vogel Cos. LLC, has been meeting with representatives of the raceway and the thoroughbred industry for about two months to discuss a sale, said Gerald E. Evans, an attorney who is advising Vogel in the negotiations.

“We are trying to settle the long-simmering dispute between Rosecroft and the thoroughbred industry about the simulcast agreement,” Evans said. “If Mark can pull it off I think he’ll start live racing again ... and I think he’d be a terrific owner.”

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.