Parx Casino names former Trump Entertainment, Isle of Capri exec as new CEO

by Administrator
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A longtime gaming executive has been appointed as the new CEO of Greenwood Racing Inc., the parent company of Parx Casino in Bensalem.

The hiring of Eric Hausler brings a several-month period in which the casino operated without a chief executive to a close.

Hausler will step into the role at Parx — the largest casino in Pennsylvania — on Jan. 20, subject to approval and licensing by the Pennsylvania Gaming Control Board. Former Greenwood Racing CEO Anthony Ricci retired last April after holding the position since 2012. Parx has since been managed by an executive committee consisting of the chief operating officer, chief financial officer and general counsel.

Hausler most recently served as a director of VICI Properties Inc. (NYSE: VICI), a real estate investment trust company with a portfolio featuring 22 gaming properties across the country, including Caesars Palace in Las Vegas and Atlantic City, as well as Harrah's Philadelphia. Before that, Hausler worked as CEO of Missouri-based Isle of Capri Casinos Inc., where he had grown through the ranks of CFO, chief strategic officer and senior vice president of strategic initiatives.

Hausler has experience in the New Jersey gaming market and the investment banking industry. He’s previously served as senior vice president of development for Trump Entertainment Resorts, Inc. and in various roles with Bear Stearns & Co. Inc., Susquehanna Financial Group and Deutsche Bank Securities Inc.

Parx holds more than 3,200 slot machines and nearly 200 table games. The complex includes a racetrack and recently opened $10 million, 7,400-square-foot sportsbook.

Parx pulled in total revenue of $54.3 million in November, up 12.6% over the same month a year before.