Decoding the Ownership of Parx Casino in Bensalem: Who Stands Behind the Gaming Giant?

Paragraph 1: Parx Casino, a prominent gaming and entertainment venue located in Bensalem, Pennsylvania, has long been a beacon of excitement and entertainment for visitors. However, the question of who owns this iconic establishment remains shrouded in mystery for many. This article aims to unravel the enigma surrounding the ownership of Parx Casino, exploring the various entities and individuals who hold a stake in this bustling gaming destination.

Paragraph 2: To understand who owns Parx Casino, it is essential to delve into the history of the property. Initially opened as Bucks County Raceway in 1963, the facility underwent a transformation in 1972 when it was converted into a harness racing track. The track operated under the name Parx Racing until 2007 when it was rebranded as Parx Casino. This evolution from a racing track to a full-fledged casino has led to numerous changes in ownership over the years.

Paragraph 3: One of the key figures in the ownership of Parx Casino is Tower Gaming, which acquired the property in 1995. Tower Gaming, founded by Pennsylvania native and gaming industry veteran, David L. Siegel, was a leading company in the casino and racetrack industry. Under Tower Gaming's management, Parx Casino began to expand and gain a reputation as one of the premier gaming destinations in the region.

Paragraph 4: In 2012, Parx Casino was purchased by the Pigeon River Entertainment Group (PREG), a company founded by gaming entrepreneur and philanthropist, Dennis G. Ammerman. PREG has a history of acquiring and managing successful gaming and entertainment facilities across the United States. Ammerman's vision and strategic approach have played a significant role in the continued growth and success of Parx Casino.

Paragraph 5: PREG, as the current owner of Parx Casino, operates the facility under its subsidiary, Parx Casino Management. The company's extensive experience in the gaming industry has enabled it to create a vibrant and diverse gaming environment, offering a wide array of slot machines, table games, and entertainment options. Additionally, Parx Casino is home to one of the most impressive sportsbooks in the region, providing an opportunity for gamblers to bet on various sports events.

Paragraph 6: Although the ownership of Parx Casino has evolved over the years, one entity has remained consistently involved: The Cordish Companies. As a partner in the initial acquisition of the property by Tower Gaming, The Cordish Companies have been an influential force in the casino's development and success. The Cordish Companies, led by under the guidance of the Cordish family, are renowned for their expertise in developing and operating entertainment, gaming, and hospitality properties worldwide.

Paragraph 7: The Cordish Companies' partnership with PREG and Tower Gaming has led to a strong collaboration, allowing Parx Casino to thrive and adapt to the changing gaming landscape. Together, these entities have created a dynamic and innovative gaming destination that appeals to a broad range of patrons.

Paragraph 8: While the ownership of Parx Casino is spread across multiple entities and individuals, it is important to note that the casino's management and daily operations are primarily handled by PREG and its subsidiary, Parx Casino Management. This structure ensures a seamless experience for visitors, as they enjoy the full array of gaming and entertainment offerings without ever needing to question the ownership.

Paragraph 9: Now that we have explored the history and ownership of Parx Casino, let us address some common questions about the gaming establishment.

Question 1: What types of games can visitors expect to find at Parx Casino?

Answer 1: Parx Casino offers a wide range of games, including slot machines, table games such as blackjack, poker, and roulette, and various forms of electronic gaming. Additionally, the casino boasts one of the most impressive sportsbooks in the region, where patrons can bet on various sports events.

Question 2: How does Parx Casino contribute to the local community?

Answer 2: Parx Casino has a significant impact on the local community, generating millions of dollars in tax revenue and providing hundreds of jobs for residents. The casino also supports local businesses through its purchasing of goods and services, and it contributes to community initiatives through charitable giving and sponsorship of local events.

Question 3: Is Parx Casino open to individuals under the legal gambling age?

Answer 3: No, Parx Casino is restricted to individuals who are 21 years of age or older. The casino adheres to state and federal laws to ensure the safety and security of all guests.

Question 4: How does Parx Casino promote responsible gambling?

Answer 4: Parx Casino is committed to promoting responsible gambling and provides resources for individuals who may need assistance with gambling addiction. The casino offers self-exclusion programs, as well as resources and support for individuals who seek help for their gambling habits.

Question 5: Are there any upcoming plans for expansion or development at Parx Casino?

Answer 5: Yes, Parx Casino has plans for future expansion and development. The company is continuously evaluating opportunities to enhance the gaming experience for visitors, and it remains committed to staying competitive in the dynamic gaming industry.

In conclusion, the ownership of Parx Casino is a complex arrangement involving various entities and individuals, each playing a vital role in the establishment's success. From the Cordish Companies' initial investment to the current management under PREG and Parx Casino Management, the casino has flourished and become a cherished destination for visitors. As Parx Casino continues to evolve, it remains dedicated to providing a top-notch gaming experience while contributing positively to the local community.