You’re probably wondering who owns Parx Casino, the biggest casino in Pennsylvania. Well, the answer may surprise you: Parx Casino is owned by Greenwood Gaming and Entertainment, Inc., a financial powerhouse with deep pockets.
From its convenient Bucks County location to the millions of dollars it generates in revenue, Parx Casino has seen success above and beyond the average casino.
So, get ready to explore the finances, location, and profits of this incredible casino.
Key Takeaways
- Parx Casino has changed ownership multiple times over the years, with Greenwood Racing, Philadelphia Park Inc., Greenwood Gaming and Entertainment, and The Cordish Companies all having owned the casino at different points.
- Parx Casino is owned by Greenwood Gaming and Entertainment, Inc., a financial powerhouse that generates millions of dollars in revenue.
- Parx Casino is located in Bensalem, Pennsylvania, just a short drive away from Philadelphia, making it a convenient destination for visitors looking to combine a casino experience with a trip to the city.
- The casino offers a variety of amenities and attractions, including a modern slots section with over 3,500 machines, dining options, event spaces, and positive customer feedback.
Current Owner: Finances
You may be curious to know who has owned Parx Casino over the years. This article will discuss the historical ownership timeline of Parx Casino, so you can understand who has owned the casino and when.
We’ll look at the different owners that have held the casino since it opened and how the ownership has shifted over time.
Historical Ownership Timeline
Back in 1974, Parx Casino began its journey under the ownership of Greenwood Racing. The casino was originally called Keystone Racetrack and was the first track to offer pari-mutuel betting in the state of Pennsylvania.
In 1992, Greenwood Racing sold the track to Philadelphia Park Inc., who renamed the casino and began to focus on expansion plans. They also began offering sports betting to customers at the casino.
In 2008, the casino changed hands again when Greenwood Racing purchased the track and renamed it Parx Casino. The casino underwent a major renovation and expansion project and added several new gaming and entertainment options.
In 2014, Greenwood Racing sold the casino to an affiliate of the Cordish Companies, who have maintained ownership of the casino to this day.
About the Casino: Location
Parx Casino is conveniently located in Bensalem, Pennsylvania, just a short drive away from Philadelphia. So whether you’re a local or a tourist, you’ll have easy access to the casino.
Plus, with its proximity to the city, you can easily combine a visit to Parx Casino with a trip to Philadelphia.
Location: Bensalem, PA
Located just outside Philadelphia in Bensalem, Pennsylvania, Parx Casino is owned by Greenwood Gaming and Entertainment. Parx Casino offers an unforgettable gaming experience, with its exciting casino floor, modern slots, and exceptional customer service.
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Gaming Experience:
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Casino Floor: Enjoy a variety of poker games, blackjack, roulette, and more!
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Modern Slots: Spin the wheel on over 3,500 slot machines with bonus rounds and progressive jackpots.
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Customer Service:
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Professional Staff: Parx Casino’s friendly staff are available to help make your experience fun and enjoyable.
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24/7 Support: Need help? Parx Casino offers 24/7 customer support to ensure your time spent there is as enjoyable as possible.
Proximity: Philadelphia
Just a short drive from Philadelphia, Parx Casino offers a convenient gaming experience for locals and visitors alike. Located in Bensalem, PA, the casino is just a few miles from the city, making it the perfect destination for a night out.
Whether you’re looking for a sophisticated dinner at one of the casino’s many dining options or an evening of gaming, Parx Casino has something for everyone. And if you’re looking for a larger celebration, the casino has plenty of event spaces to choose from.
Experience the thrill of a casino night without the hassle of a lengthy commute. Parx Casino is the perfect spot for a night of entertainment close to home.
Accessibility: Easy
With an easy drive from Philadelphia, you can quickly get to Parx to enjoy a night of gaming. The casino offers numerous funding options, so you never have to worry about running out of cash. Plus, customer feedback shows that Parx offers great amenities, from delicious restaurants to exciting gaming tables.
Here are 3 reasons why Parx is the perfect spot for gaming:
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It’s easy to get to, making it a convenient choice for a night out.
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There are plenty of funding options available so you can stay in the game for as long as you want.
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You’ll never have to worry about customer feedback – it’s always positive!
Current Revenues: Profits
| You’ll be happy to know that Parx Casino is highly profitable. The casino has been operating since 2009 and has seen a steady increase in profits each year, due in part to tax incentives and careful management of operating costs. | Benefit |
|---|---|
| Increased Revenue | ✔️ |
| Tax Incentives | ✔️ |
| Low Operating Costs | ✔️ |
| Positive Impact on Economy | ✔️ |
| Improved Quality of Life | ✔️ |
Parx Casino is owned by Greenwood Gaming & Entertainment, Inc., a Pennsylvania-based company. The casino has generated hundreds of millions of dollars in tax revenue and has created thousands of jobs. This has had a positive impact on the local economy and has helped improve the quality of life for many people in the area.
Parx Casino also invests in the local community, providing scholarships and other funding for education, health care, and social programs. The casino also helps fund special events and other activities that benefit the community. This further demonstrates that Parx Casino is dedicated to making a positive impact on the local community.
Overall, Parx Casino is an important part of the local economy and has made a positive impact on the area. It has provided much needed jobs, generated a considerable amount of tax revenue, and donated to local causes. This is why Parx Casino continues to be a profitable and successful business.