The global gambling industry is expected to grow to $847.5 billion by 2032. Insider Monkey, a finance website, recently ranked the 12 most profitable casinos in the world, and Parx Casino and Racing came in 8th place.
Insider Monkey considered the profitability of parent companies in making its list. For casinos owned by private companies, it relied on annual revenue or the available annual metric. For casinos owned by public companies, it is considered the net income.
Parx Casino – One of the most profitable casinos in the world
Parx Casino PA, located in Bensalem, Pennsylvania, is owned by Greenwood Racing Inc., a private entity. Parx Casino offers 24/7 gambling experiences with over 3,200 slot machines, 188 table games, and a dedicated poker room with 48 tables.
Parx also offers online gambling, and players can download its betPARX app to their mobile devices. This allows them to play online casino games and place sports bets from anywhere at any time. The app is user-friendly and optimized for smaller screens. It has secure payment methods and good customer support. When placing sports bets, gamblers can even place live bets on an ongoing game.
Consistent revenue
Parx has been one of the most consistent casinos in Pennsylvania in terms of annual slot and table game revenue. Its estimated annual income of $750 million makes it one of the most profitable casinos in the world. Considering how the casino market size is growing throughout the world, Parx Casino coming in 8th place is no small accomplishment.
The top five casinos
The two most profitable casinos in the world are the Venetian Macau and the Marina Bay Sands in Singapore. These are both owned by Las Vegas Sands Corp. The corporation focuses not only on gambling but also on hotel suites, live entertainment, food, etc. It understands the value of investing in a comprehensive experience.
Two Las Vegas casinos come next on Insider Monkey’s list. The Aria Resort and Casino in Las Vegas is in 3rd place, and the Bellagio in Las Vegas is in 4th place. Both of these casinos are owned by Blackstone Inc. Their position on the list isn’t surprising, as a large portion of the global casino market is in Las Vegas.
MGM National Harbor in Maryland is in 5th place. VICI Properties Inc. owns it and offers luxurious accommodations, dining, entertainment, and more.
Parx Casino receives national recognition
The American Gaming Association (AGA) recently named Parx Casino in its Top 20 Commercial Casinos outside Las Vegas. Rivers Casino in Pittsburgh and Wind Creek in Bethlehem also made this list.
The new businesses in the land-based casino industry usually offer a comprehensive entertainment experience to visitors, including hotels, spas, swimming pools, and other attractions. Parx managed to gain global and national recognition without having a hotel, but this will change soon.
Expansion at Parx Casino
In 2018, Parx opened its Xcite Center, a state-of-the-art event venue. It also opened a mini-casino in Shippensburg, which is doing well. It is currently in the process of building a 300-room luxury hotel with 13 floors.
The hotel is expected to be completed in 2025 and will include a convention center and two restaurants. One will be a more upscale rooftop restaurant, and another will be in the lobby. The hotel will also have a coffee shop, spa, and fitness center. It will be connected to the casino by a walkway.
What makes Parx Casino so popular?
One of the reasons why Parx Casino is so popular is due to its wide range of games that cater to different tastes and preferences. Another is the generous bonuses and promotions it offers. The ability to play online casino games and place sports bets when using a mobile app is also a plus. Players can look forward to an entertaining, safe, and fair casino experience, whether gambling online or offline at Parx.