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Philadelphia Park Racetrack is located in Bensalem, Pennsylvania, a town with a population of 58,434. Bensalem is a township in Bucks County, in the Philadelphia-Camden metro area.
The track opened in November 1974 and was originally called Keystone. In 1984, the park was purchased by ITB for an unheard amount of $40 million and the racetrack received a new name, a new turf course and a new way to wager called "Phonebet". In 1990, full-card simulcasting and five off-track turf clubs were added when Greenwood Racing Inc. purchased the track from ITB. Simulcasting allowed bettors to wager on races all over the world while still enjoying the convenience and Philadelphia's famous fine dining.
In 1999, many advancements and record numbers came. Philadelphia Park Racetrack received its first facelift in over a decade with an expansion for its paddock and a complete repainting of the exterior of the grandstand. A second step was taken in the renewal of the racetrack when a $4-million renovation of the 69,000-square-foot first floor was announced. Completed in May 1999, this area was transformed into a modern Turf Club, complete with plush simulcast theaters, a new dining room and sports bar, a spacious horsemen's lounge, and a grand entrance of marble and granite.