In 2015, Greenwood Gaming and Entertainment, Inc. acquired Parx Casino in Bensalem, Pennsylvania for $50 million.
The company also owns and operates two other casinos in the state: Hollywood Casino at Penn National Race Course and Meadows Racetrack and Casino.
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Greenwood Gaming is a subsidiary of The Cordish Companies, a privately-held real estate development firm based in Baltimore, Maryland. The company was founded in 1910 by Louis Cordish and is now run by his grandson, David Cordish.
PRO TIP:Parx Casino in Bensalem, Pennsylvania is owned by Greenwood Gaming and Entertainment, Inc. Greenwood Gaming is a subsidiary of the Cordish Companies, which was founded by David Cordish in 1910. The Cordish Companies is a family-owned business that owns and operates commercial real estate, gaming entertainment venues and hotels across the United States.
The Cordish Companies has developed and operated a number of gaming and entertainment venues around the country, including Live! Hotel & Casino in Maryland, Kansas Speedway in Kansas City, and Xfinity Live! in Philadelphia.
The company also has a number of non-gaming businesses, including restaurants, bars, and retail space. In Bensalem, Parx Casino is located just off of Interstate 95 and features over 3,000 slot machines and 130 table games.
The property also includes a horse racing track, an event center, and several restaurants.
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In December 2019, Parx Casino will be under new ownership. Greenwood Gaming and Entertainment Inc., the current owner of Parx Casino, has agreed to sell the property to Gaming and Leisure Properties Inc.
(GLPI) for $470 million. The sale is expected to be completed by the end of the year.
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Parx Casino is a casino and racing facility located in Bensalem, Pennsylvania. The casino features over 3,300 slot machines, 130 live table games, and a 40-table poker room. It is one of the largest casinos in Pennsylvania and the largest in the Philadelphia area.
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