WCH acquires Bethlehem Casino – The Atmore Advance
The Pennsylvania Gaming Control Board (PGCB) has approved the acquisition of Sands Casino Resort in Bethlehem, Penn by Wind Creek Hospitality (WCH). for $ 1.3 billion on May 29, according to official figures.
The transaction is closed after about 14 months of official review and other closing conditions.
“We are pleased with PGCB’s decision and expect the transaction to be completed quickly,” said Jay Dorris, President and CEO of Wind Creek, in a press release. “I look forward to welcoming all of Sands Bethlehem’s employees to the Wind Creek family.”
The Sands Casino Resort Bethlehem, which will be integrated into the WCH portfolio as Wind Creek Bethlehem, represents a premier Las Vegas-style resort in the heart of the Lehigh Valley of Pennsylvania, approximately 130 km from New York city. Features include a 282-room AAA Four Diamond hotel, 183,000-square-foot casino floor with 3,000 slot machines and electronic table games, 200 table games, numerous dining options, a 150,000-square-foot mall, and a multi-purpose event center.
Sands President and COO Brian Carr said, “We are grateful for the strong foundation that Las Vegas Sands has given us over the past decade. It is exciting to have our focus now on the future as we begin the process of renaming the property Wind Creek Bethlehem. “
Poarch Creek Indian Tribal Chair and CEO Stephanie Bryan said, “The purchase of Sands Casino Resort Bethlehem is a valuable addition to the existing gaming portfolio of the Tribes. This investment will expand and complement our already extensive offering of the Wind Creek Hospitality brand and bring additional economic growth to the Lehigh Valley. “
WCH expects immediate efforts to expand the property to include the construction of a 300-room hotel adjacent to the casino. In addition, WCH plans to push ahead with the renovation of Machine Factory Bethlehem Steel’s existing Plant No. 2 with ideas like an adventure and water park with a hotel with around 400 rooms.