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Vogel Back In The Fray For Rosecroft

Published: January 6, 2011 10:13 am ET

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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 Rosecroft discussions, is back in the fray.

The Baltimore Sun has reported that Vogel and other bidders are still interested in Rosecroft, and that officials in the State of Maryland have voiced some opposition to the possibility of expanded gaming being approved for the five-eighths mile harness racing facility.

The article cites Vogel as saying that he is not interested in having slots at Rosecroft. He was quoted as saying, "slots is not the way to go for Rosecroft." Vogel has stated in the past that he would be interested in bringing poker to the bankrupt raceway.

The Baltimore Sun article states that Maryland Governor Martin O'Malley yesterday said that he is focused on getting slots casinos at the five locations approved by voters in 2008 up and running "before we talk about expanding" gambling at other places.

The report cites Michael J. Lichtenstein, a Potomac attorney representing the bankruptcy trustee in the Rosecroft case, as saying that any new bid for Rosecroft Raceway must be at least $550,000 higher to qualify in an auction against Angelos' 'stalking horse' or lead bid.

Angelos' bid would see him pay $9 million in cash plus another $5 million if slots are permitted at the facility and a casino is operational at the racetrack by December 1, 2012.

Under new ownership, the track could re-institute live harness racing.

(With files from The Baltimore Sun)

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