The Stronach Group Enters Agreement to Purchase Rosecroft Raceway

BALTIMORE – The Stronach Group announced today it has entered into an agreement with Penn National Gaming Inc., to purchase Rosecroft Raceway.
            
Completion of the purchase is subject to closing conditions, including approval of the Maryland Racing Commission. Conditions expect to be met by the end of June or early July.
            
In The Stronach Group’s continuing effort to improve racing in the Mid-Atlantic, the purchase of Rosecroft is a logical step to strengthen the simulcasting and racing of both breeds in the state. We look forward to getting to work with the standardbred horsemen on growing the business locally and nationally.