Sands Bethlehem Sold For $1.3 Billion

After more than a year of putting the Sands Bethlehem in Pennsylvania up for sale, Sheldon Adelson the boss of the casino company has sold it for $1.3 billion to Wind Creek Hospitality which is an affiliate of the Poarch Band of Creek Indians in Alabama.

The Chairman Sheldon Adelson said of the deal: “Sands Bethlehem has become one of the leading regional entertainment and gaming destinations in the United States and we are extremely proud of the positive contributions the property has made for Bethlehem, the Lehigh Valley and Eastern Pennsylvania.”

Ever since Pennsylvania moved into overdrive with legalising online gambling Las Vegas Sands has wanted out of the state, knowing that because it wants no involvement in online gambling would put it at a disadvantage with its competitors.

With the sale of Sands Bethlehem it is understood that the company will use the funds to develop a casino resort in Japan should they win a license. Last year Sands said it would spend up to $10 billion in Japan if it were to gain approval to build a resort there.

Debbie

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