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AC Casino Bankrupt, Files For Chapter 11

March 26, 2013:

Over the past few years, the State of New Jersey has opted to go all-in on the rejuvenation of Atlantic City casinos instead of allowing expanded gaming at the Meadowlands Racetrack, which is minutes from downtown New York. Now it has been reported that the Revel Casino, which opened in Atlantic City in April 2012, has filed for Chapter 11 bankruptcy protection....read on

Centaur To Emerge From Chapter 11

August 11, 2011:

It has been reported that Centaur LLC, the bankrupt operator of Hoosier Park, is getting closer to emerging from its Chapter 11 status...read on

PA Commission Okays License Deal

July 13, 2011:

On Tuesday, July 12, Pennsylvania's harness racing commission voted to approve American Harness Tracks as the new owners of the state's final harness racing license, which had previously been held by Centaur LLC...read on

Rosecroft Purchase Finalized

February 28, 2011:

On Monday, February 28, Penn National Gaming completed its transaction to purchase Rosecroft Raceway, thus completing the track’s Chapter 11 reorganization plan which called for the sale of substantially all of the assets of...read on

Rosecroft - Two Days And Two Years

January 26, 2011:

In two days, prospective owners of the bankrupt Rosecroft Raceway will have the chance to outdo the stalking-horse bid of Baltimore Orioles owner Peter Angelos. If proposed legislation materializes, the track could also have racing and a racino in two years...read on

Vogel Back In The Fray For Rosecroft

January 6, 2011:

It was announced yesterday that Peter Angelos, owner of Major League Baseball's Baltimore Orioles, filed a bid for the bankrupt Rosecroft Raceway. It has been reported today that Mark Vogel, a name very familiar to recent...read on

Orioles Owner Angelos Bids On Rosecroft

January 5, 2011:

It has been reported that Peter Angelos, owner of Major League Baseball's Baltimore Orioles, is bidding to purchase Maryland's closed Rosecroft Raceway with a new push for expanded gaming at the five-eighths mile facility...read on

Evans Offers Harsh Reality And Optimism

December 20, 2010:

During the University of Arizona Race Track Industry Program Symposium held earlier this month, Robert Evans, the president of Churchill Downs Inc., gave the keynote address during which he listed many reasons for optimism in regard to the future of the horse racing industry...read on

Trustee To Rosecroft: Quit

September 1, 2010:

The trustee handling Rosecroft Raceway’s bankruptcy says time has run out for the idled track and it should liquidate its assets and sell the track at auction...read on

Report: NYCOTB Bailout Would Hurt Tracks

April 13, 2010:

According to a report, Empire Resorts executives have said that a proposed bailout plan for the bankrupt New York City Off-Track Betting would lead to layoffs at...read on

MEC Assets Pilfered?

July 23, 2009:

A group of unsecured creditors have gone to court in Delaware, charging that racetrack owner Magna Entertainment Corp. fraudulently transferred more than $125 million to Frank Stronach-controlled companies before MEC filed for bankruptcy...read on

Kerrison: Horse Racing Is Bankrupt

July 7, 2009:

In his most recent column on nypost.com, writer Ray Kerrison has stated that he believes America horse racing is bankrupt...read on

Monticello Owner To Go Bankrupt?

May 11, 2009:

According to a report on recordonline.com, Empire Resorts, the owner of the Monticello Raceway, could be heading towards bankruptcy...read on

Magna To Go Bankrupt This Week?

March 2, 2009:

According to a report by the Courier-Journal, Ontario-based thoroughbred racetrack owner Magna...read on


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