Who Owns Ocean Downs Casino: An In-Depth Look into the Ownership Structure

Ocean Downs Casino, a prominent gambling establishment located in Berlin, Maryland, has been a staple in the Eastern Seaboard's entertainment scene. But who owns this esteemed venue? This article delves into the ownership structure of Ocean Downs Casino, providing a comprehensive overview of its proprietors and their influence on the gaming industry.

1. Introduction to Ocean Downs Casino

Ocean Downs Casino, established in 2006, boasts a sprawling 33,000-square-foot gaming area that features over 500 slot machines and a variety of table games. The casino, which is situated just minutes away from the Atlantic Ocean, offers a unique blend of gaming and entertainment experiences for visitors from across the region.

2. The Initial Ownership

When Ocean Downs Casino first opened its doors, it was owned by the Maryland Jockey Club. The Maryland Jockey Club, a non-profit organization, has been responsible for managing thoroughbred racing in Maryland since 1873. The club's ownership of the casino was seen as a strategic move to diversify its revenue streams and offer a new form of entertainment to the community.

3. The Change of Ownership

In 2013, the Maryland Jockey Club sold Ocean Downs Casino to a group of investors led by Penn National Gaming, one of the largest gambling companies in the United States. This change in ownership marked the beginning of a new era for the casino, as it aimed to revitalize its operations and enhance its gaming offerings.

4. Penn National Gaming: A Brief Overview

Penn National Gaming, founded in 1971, has grown to become a leading operator of gaming and racing facilities across the country. The company owns and operates numerous casinos, racetracks, and horse racing operations, making it a significant player in the gaming industry. Its acquisition of Ocean Downs Casino was part of its strategy to expand its presence in the Eastern Seaboard.

5. The Impact of Ownership Change

Since the acquisition by Penn National Gaming, Ocean Downs Casino has seen several improvements and enhancements. The new ownership has invested in modernizing the gaming floor, upgrading technology, and introducing new attractions to attract more visitors. The casino's ownership change has also brought increased competition and has led to a more dynamic and competitive gaming landscape in Maryland.

6. The Current Ownership Structure

As of now, Penn National Gaming maintains ownership of Ocean Downs Casino. The company has continued to invest in the casino, ensuring that it remains a top destination for gaming enthusiasts. Under Penn National Gaming's leadership, Ocean Downs Casino has become a beacon of excellence in the Eastern Seaboard's gaming industry.

7. The Future of Ocean Downs Casino

With its strong ownership and continued investment, Ocean Downs Casino is poised for even greater success in the future. The casino's management is committed to staying ahead of the curve, offering innovative gaming experiences and providing exceptional customer service. As the gaming industry evolves, Ocean Downs Casino is well-equipped to adapt and thrive.

8. Conclusion

Ocean Downs Casino, owned by Penn National Gaming, has become a staple in the Eastern Seaboard's gaming scene. The casino's ownership structure, marked by a strategic acquisition, has brought about significant improvements and has positioned the establishment for continued success. As the gaming industry continues to grow and evolve, Ocean Downs Casino is ready to embrace the future with confidence.

Questions and Answers:

1. Q: How long has Ocean Downs Casino been in operation?

A: Ocean Downs Casino has been in operation since 2006.

2. Q: Who was the original owner of Ocean Downs Casino?

A: The original owner of Ocean Downs Casino was the Maryland Jockey Club.

3. Q: How did Penn National Gaming benefit the casino after acquiring it?

A: After acquiring Ocean Downs Casino, Penn National Gaming invested in modernizing the gaming floor, upgrading technology, and introducing new attractions to enhance the visitor experience.

4. Q: What is the primary focus of Ocean Downs Casino's management?

A: Ocean Downs Casino's management is committed to staying ahead of the curve, offering innovative gaming experiences, and providing exceptional customer service.

5. Q: How does Ocean Downs Casino plan to adapt to the evolving gaming industry?

A: Ocean Downs Casino plans to adapt to the evolving gaming industry by embracing new technologies, offering innovative gaming experiences, and maintaining a focus on customer satisfaction.