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.
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.
