Parx Casino Online Gambling
Parx Casino online was one of the first to open its virtual doors to players in Pennsylvania on July 15, 2019. Sign up now with the Parx Casino PA promo code! Get your first deposit matched up to $500! That said, there’s no casino app just yet, but you can bet on sports with the Parx Casino Sportsbook app. Parx Online Casino Review Parx Casino was one of the first casinos to act on just about every form of gambling expansion. However, some setbacks pushed the casino’s first foray into online gambling to June 2019. As of June 27, Parx online sportsbook is fully operational and open to the public.
- Parx Casino Live Betting
- Parx Casino Online Gambling Sports Betting
- Parx Casino Sports Betting
- Parx Casino Online Sports Betting Promo Code
- Parx Casino Online Gambling Sites
There are plenty of people that are not big fans of online gambling expansion in Pennsylvania. One that may sound surprising is Parx CEO, Anthony Ricci.
At a Thursday PA Gaming Control Board (PGCB) hearing regarding Parx Casino’s license renewal, Ricci sounded off to the board regarding just about every facet of the 2017 gambling bill.
Ricci is enthusiastic about retail sports betting
That is not to say Ricci wasn’t enthusing about some elements of gambling expansion. He said the casino is already reaping the benefits of Parx Sportsbook. When it comes to sportsbook customers, Ricci says it is a new customer the casino is very excited about:
“[Customers] skews a little younger, it does. And people who haven’t come to the casino previously, so we’re pleased about that. It’s attracting a different audience. That’s why we want to proceed with the construction of a permanent sportsbook as an attraction to draw people in, particularly during football season.”
Ricci did admit that these new people at Parx are not interested in every gaming offering.
“That sports bettor isn’t a slots customer,” he said. “They could be tables games or poker though.”
Ricci sounds off on supposed cannibalization concerns
When asked about potential cannibalization of these new sportsbook customers, Ricci was happy to paint a worst-case scenario that indicted multiple pieces of gambling expansion.
First, he came after online betting:
“It’s a legitimate concern…It’s not something Bob Green and I were advocating for because you’re combining what is potentially one addictive behavior with another addictive behavior on a cell phone. But that’s the law now. It’s our industry, we have to compete as well as we can.”
Ricci went on to compare the plight of retail stores like J.C. Penney going out of business in the era of online shopping to what might befall Parx and other casinos after mobile gaming launches.
MGM and Golden Nugget subjects of criticism
Two companies that seemed to really draw his ire are the two outside entities petitioning their way into the PA online gambling market. PGCB opened up the interactive gaming license process to qualified gaming entities (QGEs) after there were several unused interactive licenses. Golden Nugget NJ, the top-performing NJ online casino, and MGM’s Borgata Casino each applied.
PGCB approved the two as QGEs in January. That is not stopping Ricci from taking shots at the two groups, suggesting they may not have the state’s best interests in mind:
“One of the concerns is that you have other operators coming into the state the way this process is conducted that may not have brick and mortar investment. All they’ve got is a server and they could spend a lot of money marketing, maybe not be so intelligent in what they give a customer to attract them because there is a very low cost of entry for them and they’ll take a shot. It could destabilize the situation.”
Both properties operate online casino businesses in New Jersey. Golden Nugget took in an astonishing $12.18 million in online casino revenue last month. It is also worth noting several other non-native companies have stake in the PA game thanks to a series of online gambling partnerships.
Can you compare NJ online casinos to PA?
Towards the end of his questioning, Ricci really zeroed in on the population disbursement when it comes to PA casinos. Currently, around 68 percent of the population lives within 25 miles of a casino.
However, Ricci notes that number will jump to close to 90 percent once the five mini-casinos open. That is without even considering the online market expected to launch this July.
The Parx leader admitted that, now that it is law, Parx will aim to be the top PA online gaming provider. He still worries the PGCB and other casinos will spend too much time trying to grow the new market instead of focusing on what matters.
“There is a concern it could be a problem for the brick and mortar, which is where the jobs are, where the capital investment is. I’m a bit concerned about the long-term prospects.”
Many industry experts point to how the New Jersey online market resulted in brick and mortar casino growth as well as a healthy new revenue generator. Ricci though, says you cannot possibly compare the two.
“Ninety-five percent of the New Jersey residents are more than 25 miles away from a casino in New Jersey,” he said. When asked if online cannibalized Atlantic City, he balked.
“Of course not. Nobody lives around Atlantic City.”
So, when it comes to how online will impact PA, Ricci remains insistent that there is no way to tell.
“Nobody knows, there’s no history on this.”
Even State Senator Robert Tomlinson, who spoke in favor of Parx as a community partner backed Ricci up. He described New Jersey’s online gaming approach as a “defensive mechanism” to try and win back residents going to Philadelphia casinos. Tomlinson voted against the online gambling expansion package and regularly supports Parx’s point of view about gaming in PA.
Nothing new
Ricci’s anti-online stance is nothing new. However, this important appearance in front of the PGCB might make regulators even more gun shy than they already are in the wake of the new DOJ Wire Act opinion.
The addition of online gambling and sports betting has Pennsylvania casinos ready to play ball in the Commonwealth. But which are best-positioned to take advantage of the chance?
In this series, we explore the prospects for the PA online gambling industry and what to expect from each of its participants. Previously: Mohegan Sun and SugarHouse.
This time: Parx.
Parx is the big dog in the PA casino market, the largest in both size and revenue. The Philadelphia property is going to be a key player in online gambling too, but it’s not a foregone conclusion that it will replicate its land-based successes in the digital arena.
A brief history of Parx
Parx Casino and Racing is one of Pennsylvania’s six racinos, which combine live racing and casino gambling.
The facility is located in the Bucks County township of Bensalem, where it began its life as Keystone Racetrack way back in 1974. The current owners, Greenwood Racing, bought the property (then known as Philadelphia Park) in 1990.
Following the casino expansion law passed in 2004, Greenwood received a slots license. Slot machines were added to the floor at Philadelphia Park in December 21, 2006.
With its expanded offerings, the track took on its current name in July 2009.
Gaming options at Parx
Whether it’s slots, table games, poker, or racing, Parx is one of the largest operators in the Pennsylvania market.
The property boasts Pennsylvania’s largest poker room, the most slots, and the second most house-banked table games, plus live and simulcast racing and a retail sportsbook.
- Slot machines: 3,200
- Table games: 150
- Poker tables: 48
- Live thoroughbred racing and simulcast racing
- Sports betting
There are also a number of off-site gambling venues associated with Parx.
Parx Casino Live Betting
Parx has three affiliated OTB parlors: Northeast Turf Club, South Philadelphia Turf Club, and Oaks Race and Sportsbook. Each of the latter two offers sports betting along with simulcast racing.
Parx also holds a mini-casino license thanks to a winning auction bid of $8,111,000 in February. The forthcoming Parx satellite property will be located in Shippensburg in Cumberland County.
Online gambling at Parx
Greenwood, via Parx, is already licensed to conduct PA online gambling.
Parx’s permits allow it to offer online games across all three verticals: poker, slots, and tables. The casino also possesses a PA sports betting license allowing both land-based and online sports betting. Parx is partnered with GAN on both fronts.
GAN is an active participant in the New Jersey market, where it powers online casino platforms for Betfair and Ocean Resort. Some have intimated that a Parx-branded NJ online casino could be in the works, but that has yet to materialize.
GAN will supply Parx with the full complement of online gambling products in Pennsylvania:
- Slot machines
- Table games
- Sports betting
The one question mark is PA online poker.
The Parx permits cover all three online casino verticals, and it cannot sit on them according to law. GAN, however, doesn’t yet have a competitive online poker platform. While Parx will have an online poker product, it may or may not be through GAN.
Online casino games at Parx
Until it’s launched, the specifics of Parx online casino will remain something of a secret. NJ online casinos operating on the GAN platform, however, provide a partial glimpse into the catalogue of games, functions, and features to expect.
Sports betting at Parx
Parx Casino Online Gambling Sports Betting
Parx’s land-based sportsbook is already live at its flagship casino, as are sportsbooks at the two OTB locations. Its online sportsbook could go live at any moment.
Peering into the crystal ball
There’s no reason Parx shouldn’t succeed in the Pennsylvania online casino market. It is:
- A well-known local brand
- The largest land-based casino in PA
- The top revenue-generating casino
- Ideally located near Philadelphia and New York
Parx Casino Sports Betting
Well, there is one notable reason: Parx.
Parx Casino Online Sports Betting Promo Code
Not wanting to provide its competitors with a way to overcome Parx’s current advantages, the company had to be dragged into online gambling kicking and screaming. And once online gambling was inevitable, it’s done everything in its power to stunt the viability and potential impact of the PA online casino market.