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Rosecroft Raceway to close July 1
Thursday, June 17, 2010 at 1:55:30 AM
Rosecroft Raceway, the bankrupt racetrack in Prince George's County, will close July 1 after running out of money to operate -- in yet another setback for the ailing horse racing industry in Maryland.
Rosecroft had been struggling for years as it saw a revolving door of owners, stopped running live racing and then lost the right to broadcast simulcast thoroughbred races. Earlier this year, the state legislature rejected a bill sought by the track to legalize poker and table games there.
Meanwhile, the horse racing industry is eagerly waiting for slot-machine profits to revive a sport declining in popularity and losing gamblers to neighboring states. The slots program has had a rocky start as a large casino proposal in Anne Arundel County got caught up in legal battles and the sole bidder for the Baltimore City parlor was tossed out. The first slots parlor in Cecil County is set to open in September.
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