Pennsylvania regulators approve $1.3bn sale of Sands Bethlehem

The Pennsylvania Gaming Control Board (PGCB) has approved Wind Creek Hospitality’s purchase of the Sands Casino Resort Bethlehem, with the $1.3bn deal expected to be closed on Friday.

BethlehemSands

The PGCB expressed concerns over the deal, the main one being the relatively small number of table games Wind Creek operates at its existing nine venues.

Sands Bethlehem has 189 table games, while Wind Creek only has 75 across all of its casinos.

The PGCB wanted reassurance Wind Creek management would have the experience required to operate this significant increase in games.

Jay Dorris, President of the PGI Gaming Authority and Poarch Band of Creek Indians, which operates Wind Creek, alleviated these fears by confirming all nine senior managers of Sands Bethlehem had signed contracts to stay on in their current positions.

Further constructions were also discussed with the PGCB; Dorris said Wind Creek had allocated $190m for work to begin right away on a hotel and event centre at the Sands Bethlehem location.

He also disclosed plans to convert the former Bethlehem Steel Machine shop on the property to a third hotel and an indoor adventure park.

Dorris expects this to cost $250m and plans to bring in investment partners to cover the cost.

Premium+ Connections
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...