Penn National Wins Rosecroft in Auction

By BRIAN WITTE
|  Friday, Jan 28, 2011  |  Updated 9:45 PM EDT
View Comments (
)
|
Email
|
Print
Penn National Wins Rosecroft in Auction

Getty Images

advertisement

Penn National Gaming Inc. has submitted the winning bid for Rosecroft Raceway, according to an attorney involved in the auction.

Michael Lichtenstein, a Potomac lawyer whose office handled the auction, said Friday the bid is for $10.2 million. He said the company would submit another $3 million, if it gets a bond from the state.

Penn National edged out Baltimore Orioles owner Peter Angelos in the auction for the Prince George's County track. Lichtenstein said a third party also bid, but he declined to mention who it was.

Rosecroft filed for bankruptcy in June 2009.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Join the Ride to Conquer Cancer
Join the Ride To Conquer Cancer, Sept. 13 Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out