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Rosecroft, Jockey Club fail to reach simulcast agreement

Rosecroft Raceway and members of the state's thoroughbred industry, including the Maryland Jockey Club, are expected to enter into binding arbitration to resolve a dispute over simulcasting fees.

The parties failed to reach an agreement by the Oct. 1 deadline during a mediation led by Maryland Department of Labor, Licensing and Regulation Secretary Alexander M. Sanchez.

Sanchez said in a statement Monday that he was disappointed no agreement could be reached among the parties that would allow Rosecroft to broadcast thoroughbred races.

In order for the Jockey Club to be eligible for slots subsidies in 2012 and 2013 under state law, the organization must strike a deal with Rosecroft.

"I am hopeful that the two industries will reach a mutually beneficial agreement through arbitration that will lay the foundation for a long-term solution that honors and protects Maryland's storied racing tradition," Sanchez said.

Hanah.cho@baltsun.com

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