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Rosecroft Raceway Says Its Future Depends On Slots

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(Credit: Martin Hunter/Getty Images)

(Credit: Martin Hunter/Getty Images)

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FORT WASHINGTON, Md. (CBSDC/AP) — Owners of Rosecroft Raceway say slots or other casino-style gambling are essential to their plan for the horseracing track to survive.

Penn National Gaming bought the bankrupt track last year for $12 million and reopened it to racing with hope that it could expand gambling there. Now, the company could be eliminated from competition for a casino even before a gambling license is approved for Prince George’s County.

Steven Snyder of Penn National tells The Washington Examiner that a gambling license at Rosecroft is the last viable option to sustain horse racing.

But County Executive Rushern Baker supports a measure to expand gambling at National Harbor instead. He urged Maryland lawmakers last week to support the plan for a high-end casino near the Potomac River.

Last week, Baker told the Senate Budget and Taxation Committee that a $1 billion casino would draw many more tourists to the already popular National Harbor that opened in 2008.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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