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Penn National Gaming to buy Md. raceway

Penn National Gaming Inc. today said it has agreed to purchase Rosecroft Raceway in Fort Washington, Md., for an undisclosed cost.

Penn National Gaming Inc. today said it has agreed to purchase Rosecroft Raceway in Fort Washington, Md., for an undisclosed cost.

Wyomissing, Berks County-based Penn National would buy Rosecroft from Cloverleaf Enterprises Inc. The businesses expect to close the deal in about a month. Rosecroft is a harness-racing facility in the outskirts of Washington, D.C., with simulcast wagering, a clubhouse lounge and dining.

Penn National owns and operates Penn National Race Course in Dauphin County. The company trades on the Nasdaq stock exchange under the ticker symbol PENN.

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