Rosecroft Raceway in Maryland may be on the auction block, but its future slot machine operation, if any, belongs to Park Place Entertainment Corp. (PPE).
That’s what Park Place Entertainment officials told Rosecroft last week when the owners of the harness racing plant ”” Cloverleaf Enterprises ”” announced that they planned to sell the track to a local group headed by Laurel, Md., veterinarian Mark Ricigliano.
Bally’s Manager, Inc., a subsidiary of Park Place Entertainment Corp., owned the track, favorably located near Washington, D.C., prior to its sale to a horsemen’s group in 1997. As part of the deal, Bally’s insists, the right to control slot machines and other forms of gambling, if they become legal, was retained by the gaming company.
According to a recently filed lawsuit, "the rights take effect on the date on which the governor of the state of Maryland signs the legislation enacting gaming laws or gaming laws otherwise become law in the state of Maryland."
The arrangement for slot management was to be in effect for five years with Bally’s receiving 2.5% of all gambling-related revenue and 10% of all profits from slots and table games.
So far, there has been no response to the suit from the leadership of the Cloverleaf Standardbred Owners Association, comprising a number of horse owners and trainers.