Sands Bethlehem and MGM deal collapses

Talks to sell Sands Casino Resort Bethlehem to MGM Resorts International in a deal worth $1.3bn have reportedly fallen apart. The Morning Call quoted multiple sources saying that negotiations broke down after MGM backed out of a proposed acquisition of the Bethlehem casino complex from owner Las Vegas Sands. In March, Sands Bethlehem CEO, Mark Julian, sent an internal letter to employees telling them the casino had an interested buyer. Althou...