Penn National Wins Rosecroft in Auction - NBC4 Washington

Penn National Wins Rosecroft in Auction



    How Telehealth Technology is Revolutionizing Healthcare
    Getty Images

    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.