Late in 1998, Greenwood joined with fellow Pennsylvania corporation, Penn National Gaming, Inc., in expanding into New Jersey with the purchase of Freehold Raceway in Freehold Borough and the operating lease of Garden State Park in Cherry Hill.
Full card simulcasting was added, as well as six off-track locations called Turf Clubs, allowing race fans to watch and wager seven days a week. In December 1990, the racetrack again changed hands when Greenwood Racing, Inc., a corporation founded in 1989 by British bookmaking veterans Bob Green and Bill Hogwood, purchased the oval from ITB. When the track was purchased in 1984 by ITB, the racetrack received a new name, Philadelphia Park, a new turf course, and an innovative new way to wager called Phonebet. Originally called Keystone Racetrack, it opened in November 1974 in Bensalem, Pennsylvania, replacing the Liberty Bell Park Racetrack in Northeast Philadelphia as the area's Thoroughbred track.
Philadelphia Park (now Parx East) July 2006
