BENSALEM, Pa.--(BUSINESS WIRE)--Maryland Casino LLC today submitted an application with the State of Maryland Video Lottery Facility Location Commission to develop an $800 million world-class hotel, gaming and entertainment venue in Prince George’s County, Maryland. The resort will be conveniently located on a beautiful 22 acre parcel in Fort Washington, Maryland at the intersection of Indian Head Highway and Old Fort Road. Maryland Casino LLC is a subsidiary of Greenwood Racing, Inc., owner and operator of Pennsylvania’s highest revenue-generating casino, Parx Casino.
The entertainment complex, which will be branded as Parx Casino Hotel & Spa, will feature 4,750 slot machines and 170 table games, accompanied by a 250 room hotel and the convenience of a connected parking structure for 5,000 vehicles. In addition, Parx will offer best-in-class branded restaurants and bars and lounges, along with a multi-purpose theater that will showcase exciting live entertainment performances.
The proposed development is expected to create more than 5,000 jobs and $1 billion of annual economic benefit to the state upon completion, along with approximately 5,000 construction jobs and more than $600 million of economic benefit during the construction phase of the project. In addition, the casino operation is projected to generate more than $400 million of gaming tax revenue for the state and local communities.
Tony Ricci, Chief Executive Officer of Greenwood Racing, Inc., stated, “We are thrilled to present this exciting development proposal, which represents a game-changing opportunity for the State of Maryland, the County of Prince George’s, and the community of Fort Washington. The Parx Casino Hotel & Spa will dramatically enhance the local economy, with more than 5,000 new jobs and over $1 billion of incremental annual benefit. In addition, this beautiful, world-class entertainment complex will be an exhilarating addition to the broad array of social amenities in the region. Our team is uniquely qualified to deliver the full potential of this proposal, by providing the best entertainment experience to our customers and working with the local community to realize the maximum benefit of this significant expansion in the economic status of the region. We have assembled an exceptional design and construction team that will create a stunning addition to the rich cultural landscape of this abundant area.”
Mr. Ricci added, “Our Company’s experience as a top casino operator in a major metropolitan area in the Mid-Atlantic region positions us well to respond to the unique requirements of customers and stakeholders in this market. We are confident that our proven track record of outstanding customer service, employee engagement and diversity, and community outreach offers the best option for the future. Furthermore, our ownership group includes prominent residents of the Fort Washington community, Thomas Taylor and Ronnie Elam, who will assist us in ensuring that our project will generate the maximum benefit to the local constituency.”
About Greenwood Racing Inc. and Parx CASINO®
Parx Casino®, the largest and most impressive gaming complex in Pennsylvania, and Parx Racing®, a legendary thoroughbred racetrack, are owned and operated by Greenwood Racing, Inc. Conveniently located 20 minutes north of center city Philadelphia, and adjacent to I-95 exit 37 or PA Turnpike exit 351(westbound), exit 352 (eastbound) onto Street Road in Bensalem, Parx features 164,000 square feet of gaming; 3,350 slot machines; 112 live table games; 61 poker tables; live racing & simulcast action; Parx Grill, an upscale signature restaurant; Foodies food court, Chickie’s & Pete’s crab house and sports bar, 360 nightclub; Jax sports bar, Finish Line bar, SangKee Noodle Bar and complimentary parking for over 5,000 cars. For more information on Parx visit www.parxcasino.com and www.parxracing.com.