Bensalem is home to Parx Casino and Racing, a thoroughbred horse racing track and casino. This facility opened in November 1974 as Keystone Racetrack. The name was changed to Philadelphia Park in 1984. The track became notable as the original home of 2004 Kentucky Derby and Preakness Stakes champion Smarty Jones, who placed second in the Belmont Stakes, narrowly missing the Triple Crown. In 2006, a slots parlor casino opened at Philadelphia Park and the facility was renamed to Philadelphia Park Racetrack and Casino. A permanent standalone casino structure opened in December 2009 and was renamed Parx Casino. The facility boasts including gaming, dining, entertainment, and banquet space. Parx Casino contains the Xcite Center, which hosts concerts, entertainment performances, comedy acts, and boxing and MMA matches.