Unveiling the Mystery: Who Owns Parx Casino?

In the bustling world of gambling and entertainment, Parx Casino stands as a beacon of excitement and luxury. However, the question that lingers in the minds of many is: Who owns Parx Casino? This article delves into the history, ownership structure, and impact of this renowned casino on the gaming industry.

History of Parx Casino

Parx Casino, originally known as Valley Forge Casino Resort, was established in 2006. The casino is located in Bensalem, Pennsylvania, and boasts a sprawling 50,000-square-foot gaming floor. Over the years, Parx Casino has become a popular destination for gamblers and visitors from all over the United States.

Ownership Structure

Parx Casino is owned by Penn National Gaming Inc., a leading gaming and entertainment company based in Pennsylvania. The company operates over 40 casinos, racetracks, and online gaming platforms across the United States. Penn National Gaming Inc. has a rich history in the gaming industry, with its roots dating back to 1971.

The decision to acquire Parx Casino was a strategic move for Penn National Gaming Inc. The company aimed to expand its presence in the Eastern United States and capitalize on the growing gaming market in Pennsylvania. Since the acquisition, Parx Casino has become one of the most successful casinos in the state.

Impact of Parx Casino on the Gaming Industry

Parx Casino has had a significant impact on the gaming industry in several ways:

1. Economic Boost: Parx Casino has contributed to the economic growth of Pennsylvania. The casino generates millions of dollars in revenue each year, which is used to fund various community projects and initiatives.

2. Job Creation: Parx Casino has created thousands of jobs for residents of Pennsylvania. The casino employs a diverse workforce, ranging from dealers and servers to managers and executives.

3. Entertainment Options: Parx Casino offers a wide range of entertainment options, including slots, table games, poker, and live performances. This has attracted visitors from all over the country, contributing to the tourism industry in the region.

4. Competitive Advantage: Parx Casino has become a major competitor in the Eastern United States. The casino's success has prompted other gaming companies to invest in the region, further driving the growth of the gaming industry.

Frequently Asked Questions

1. Question: How many employees does Parx Casino have?

Answer: Parx Casino employs over 2,000 full-time and part-time employees.

2. Question: What types of games are available at Parx Casino?

Answer: Parx Casino offers a variety of games, including slots, table games, poker, and live performances.

3. Question: How did Parx Casino impact the gaming industry in Pennsylvania?

Answer: Parx Casino has been a significant economic driver in Pennsylvania, contributing to job creation and community development.

4. Question: Who founded Penn National Gaming Inc.?

Answer: Penn National Gaming Inc. was founded by Peter Carlino and Eric Schippers in 1971.

5. Question: How has Parx Casino contributed to the local community?

Answer: Parx Casino has contributed to the local community by funding various initiatives, including educational programs, healthcare, and community development projects.

In conclusion, Parx Casino is owned by Penn National Gaming Inc., a leading gaming and entertainment company in the United States. Since its establishment in 2006, Parx Casino has made a significant impact on the gaming industry, contributing to economic growth, job creation, and entertainment options in Pennsylvania. As the gaming industry continues to evolve, Parx Casino remains a vital player in the competitive landscape.