How Much Is Parx Casino Worth?

Parx Casino is worth an estimated $4.5 billion.

The casino, which is located in Philadelphia, Pennsylvania, first opened its doors in December 2006. It is owned and operated by Greenwood Gaming and Entertainment, Inc.

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Parx Casino features over 3,000 slot machines, 130 table games, and a 30-table poker room. It is one of the largest casinos in Pennsylvania and the only casino in the state with live dealer table games.

The casino also has a racetrack, which opened in 1974.

PRO TIP:Check the financial reports of parent company Greenwood Gaming and Entertainment Inc. for an accurate estimate of Parx Casino’s worth. These reports provide information on the casino’s assets, liabilities, and overall net worth.

In 2018, Parx Casino generated $345 million in revenue and $41 million in net income. The casino’s primary source of revenue is slot machine gaming, which accounted for $206 million of the total revenue in 2018.

Table games generated $68 million in revenue, while the poker room brought in $14 million. The racetrack generated $57 million in revenue.

Parx Casino has been a major economic driver for the city of Philadelphia and the state of Pennsylvania. The casino has created thousands of jobs and generated hundreds of millions of dollars in tax revenue for the state and city.

The casino has also been a major contributor to the local economy through its support of various charitable organizations and causes. In 2018, the Parx Casino Foundation awarded over $2 million to various charities across the Greater Philadelphia region.

The Parx Casino is one of the most valuable assets in Pennsylvania and continues to be a major economic driver for the state and city.