Caesars leased back the property for $21 million per year.
In 2018, Vici Properties, a real estate company that had earlier been spun off from Caesars, purchased the land and buildings of Harrah's Philadelphia from Caesars for $242 million. In May 2012, Harrah's Chester changed its name to Harrah's Philadelphia to appeal to a broader market. The casino began offering live table games on July 18, 2010. Catania Engineering Associates performed the site design for this project. The casino opened on January 22, 2007, one day earlier than anticipated.
The Board approved Harrah's application for the permanent slot-machine gaming operator license on December 20, 2006. On September 27, 2006, the Pennsylvania Gaming Control Board gave Harrah's Chester its slots license. Its first harness racing season opened on September 10, 2006. The track was built on the site of the former Sun Shipbuilding campus.
It is owned by Vici Properties and operated by Caesars Entertainment. Harrah's Philadelphia Casino & Racetrack is a harness racing track and casino (a racino) on the Chester, Pennsylvania waterfront.
