Bensalem, PA- The owner of Parx Casino in Bensalem has recently made a bold move in expanding their presence in the area by purchasing several properties along Street Road. The decision comes as the casino looks to further solidify its position as a key player in the local entertainment and gaming industry.
The owner, Greenwood Gaming and Entertainment, has acquired a total of five properties on Street Road, including a shopping center, a restaurant, and a vacant lot. The company has not disclosed the exact amount of the purchase, but sources close to the deal estimate that it was in the millions of dollars.
The shopping center, which is located just a stone’s throw away from the casino, is expected to be redeveloped into a mixed-use entertainment complex that will complement the offerings at Parx. Plans for the complex include a variety of retail and dining options, as well as potential space for live entertainment events.
The restaurant that was purchased by Greenwood Gaming and Entertainment is a beloved local spot that has been a staple in the community for years. While the future of the restaurant is still uncertain, the company has stated that they are open to exploring opportunities to preserve its legacy while also incorporating it into their overall vision for the area.
The vacant lot that was acquired by the casino owner is seen as a prime opportunity for future expansion. While no concrete plans have been announced, speculation is rife that the lot could potentially be used for additional parking or even a new gaming facility.
Local residents have mixed feelings about the news of the property acquisitions. While some are excited about the potential for new entertainment options in the area, others are concerned about the impact on traffic and the overall character of the neighborhood.
In a statement, the President and CEO of Greenwood Gaming and Entertainment expressed their enthusiasm for the future of the properties, stating, “We are committed to investing in the Bensalem community and creating a vibrant, world-class entertainment destination that will attract visitors from near and far.”
As the owner of Parx Casino continues to expand their footprint in Bensalem, all eyes will be on how they navigate the challenges and opportunities that come with such growth. One thing is for certain- the entertainment landscape in the area is set to change in a big way in the coming years.