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Tag Archives: Laurel Park

Maryland Racing Commission to decide how tracks will split slots cash

The Maryland Racing Commission said Wednesday it will create rules for how it’s going to split up money from the state’s casinos that is ticketed for Maryland’s two harness racetracks. According to state law, 9.5 percent of total slots money ...

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Penn National announces Jockey Club sale to Stronach

Penn National Gaming Inc. announced Thursday that it will sell its share of the Maryland Jockey Club to Stron-MJC Limited Partnership. MI Developments Inc., Penn National’s joint venture partner, will also transfer its interest in the jockey club to an ...

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Settlement hearing being held on Rosecroft bankruptcy

A hearing is being held Thursday to approve a settlement filed by the trustee of Rosecroft Raceway between the bankrupt race track and the Maryland Jockey Club and various horse and racing associations as part of the harness track’s Chapter ...

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Penn National close to selling Maryland Jockey Club stake

Penn National Gaming Inc. is close to divesting its 49-percent share of the Maryland Jockey Club, including its ownership of Pimlico Race Course and Laurel Park. D. Eric Schippers, a spokesman for the Wyomissing, Pa.-based company, said Tuesday that the ...

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O’Malley says Maryland racetrack funding in jeopardy

ANNAPOLIS — Millions of dollars in grants and loans needed to save horse racing in Maryland is in jeopardy in the legislature. Gov. Martin O’Malley said Monday the compromise measure he hammered out to divert slots money to cover operating ...

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Jockey Club wants Cordish suit in Arundel

The Maryland Jockey Club has filed a motion to move a $600 million lawsuit by the Cordish Cos. to Anne Arundel County from Baltimore City. The jockey club, along with Laurel Park and Pimlico Race Course co-owners Penn National Gaming ...

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State casino owners going to be required to play nicely

ANNAPOLIS – The General Assembly is scheduled to approve legislation Thursday that would require Maryland’s casino owners to play nice as the state struggles to get its nascent gaming industry up and running. The House of Delegates gave preliminary approval ...

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Profit at Atlantic City casinos down nearly 28% in 2010

ATLANTIC CITY, N.J. — Atlantic City’s 11 casinos reported their gross operating profit fell by nearly 28 percent last year as fierce competition from casinos in neighboring states continued to batter the nation’s second-largest gambling market. Year-end tax data released ...

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