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    Entries in business (88)

    Wednesday
    Apr132011

    Dreary days for long-suffering Nats fans

    At Nationals Park, the die-hards are few and far between, compared with the horde of casual observers and fans of the opposing team.-Andrew Harnik/Examiner
    Gloomy skies and a cold drizzle ushered in the 2011 baseball season as the Washington Nationals played before the smallest Opening Day crowd since the squad's days in Montreal.

    As with every new spring, most of the 39,055 fans were optimistic on Opening Day, even for a team that has yet to post a winning record since it moved here in 2005.

    "I'm still thrilled, no matter how low the quality of the team, that Washington has a baseball team," said David Dreyer, a longtime D.C. resident.

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    Tuesday
    Aug172010

    Table games could save Rosecroft

    Officials at Rosecroft Raceway in Prince George’s County say the closed harness racing track may still have a chance to be reincarnated as a table games destination.

    When the track closed July 1, owner Cloverleaf Enterprises Inc. said it would convert from a Chapter 11 bankruptcy to a Chapter 7 bankruptcy and auction off the track. Potential buyer Mark Vogel also said the track was losing too much money for him to keep investing and that he could no longer afford the monthly mortgage payments.

    But now the Greenbelt-based developer says he is still making the track’s mortgage payments and is in talks with a few interested gaming partners and “in advanced discussions” with one.

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    Tuesday
    Aug172010

    Judge: Rosecroft antitrust suit can proceed

    An antitrust suit against the Maryland thoroughbred industry filed by the bankrupt owner of a Prince George’s County harness racing track is still alive.

    A federal judge has ruled that Cloverleaf Enterprises Inc., which shuttered Rosecroft Raceway last month, has put forth enough evidence to allow the case to go forward. But U.S. District Judge Richard D. Bennett noted several times in his opinion that his ruling was based on whether Cloverleaf had enough of a claim to proceed.

    He noted it is rare to dismiss antitrust cases before the discovery stage.

    “An antitrust complaint should not be dismissed … ‘merely because the court doubts the plaintiff will ultimately prevail,’” Bennett wrote, citing a 1976  Supreme Court case against a private hospital in Raleigh, N.C.

    Bennett’s opinion, issued last week, was in response to a motion to dismiss filed by defendants Maryland Jockey Club, the Maryland Thoroughbred Horsemen’s Association and others.

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    Thursday
    Aug052010

    Collectors say the value of truly rare items has increased

     

    Rick Currence, owner of Sports Card Heroes in Laurel, will be exhibiting at the National Sports Collectors Convention beginning Wednesday at the Baltimore Convention Center.The 31st annual National Sports Collectors Convention begins in Baltimore on Wednesday, and the uncertain economic climate hasn’t dampened enthusiasm for a sometimes pricey industry — local collectors say this is still one of their busiest weeks of the year.

    Exhibitors say the demand for sports memorabilia since the 2008 recession has gone two ways — while interest has dropped for the “manufactured” memorabilia, the value of the more rare items has increased.

    “We didn’t see a change in interest in the older, true collectible stuff,” said Bill Huggins, co-owner of Huggins & Scott Auctions in Silver Spring. “The ‘true’ stuff is stuff usually [manufactured before] 1970 and it didn’t have a value before. Hence if you’re cleaning out your house, those are first things that get thrown away. Those have really held value through the economic recession.”

    The items that have taken a bigger hit are collectibles like limited edition prints or autographed items that don’t have historical significance. (Think Nolan Reimold bobble-heads.)

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