Pennsylvania’s gambling field is going through changes on a daily basis and the most recent information coming from the state is related to a leading casino venue operating in South Bethlehem. It was confirmed this Thursday that the management of Sands Casino Resort Bethlehem has given green light to the sale of its facility to a Native American tribe which goes by the name of Poarch Band of Creek Indians.
The American Indian tribe is from Alabama and according to the information issued regarding the deal, it is going to amount to some $1.3 billion. Las Vegas Sands Corp. is one of the leading gambling developers in the region and across the states and this move is sure to bring more benefits to its future operation. Wind Creek Hospitality is an affiliate of the Native American tribe and as such it has the right to acquire the integrated resort and further manage its operation.
The rumors about the ongoing search for a new casino operator for Sands Casino Resort Bethlehem have been circulating in the recent months, as Las Vegas Sands Corp. was on the pursuit of a potential buyer who could oversee the management of the facility. According to the official statement of the company, the said $1.3 billion it is going to receive from the purchase deal will be utilized for the development of the company’s future project as well as for returning capital to shareholders, but no additional specific information has been given.
What Could Change in the Local Gambling Sector
According to the estimations, this is the largest sale in the Lehigh Valley’s casino sector up to this point. This is the metropolitan region where the casino resort is located. Many locals are employed by the casino developer in this facility and it provides a reliable source of income for people in the region, which is why it is important that it remains operating and meeting the expectations of its customers. Wind Creek Hospitality will now oversee the management and it promises to maintain the level of professionalism.
This most recent acquisition is the largest one so far for the Native American tribe’s affiliate and it joins the existing locations managed by it. They are located in other states to the likings of Alabama, Florida, and Nevada. There is the greyhound- and horse-racing track in Mobile, Alabama, as well as the track and poker rooms in Pensacola and Gretna, Florida. Gardnerville, Nevada has Wa She Shu Casino which the affiliate operates for the Washoe Native American tribe.
The following months will see the official closing on the site and the review from the authorities. Wind Creek Hospitality is forecasted to bring a breath of fresh air to the casino field and will maintain the workforce which is currently employed at the casino resort, thus not threatening their well-being and keeping the already acquainted with the market individuals.
The casino venue in the integrated resort has some 3,000 slot machines, 230 table games on offer, whereas the hotel tower includes 300 rooms available for booking. The site also features an outlet mall and a concert venue.