BENSALEM, Pa.—Maryland Casino LLC on May 10 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 Georges County. The resort will be located on a 22 acre parcel in Fort Washington 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 Pennsylvanias 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 Georges, 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 Companys 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.
Source: Parx Casino