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Waterpark included in expansion plans as US$1.3bn takeover bid launched for Pennsylvania casino
POSTED 17 Jan 2019 . BY Andy Knaggs
Sands Bethlehem – the hotel and casino resort in Pennsylvania, US, subject to a US$1.3bn (€1.14bn, £1.1bn) acquisition bid by Wind Creek Hospitality – could be expanded with a second hotel and indoor waterpark if the buyer’s plans go forward.

Currently owned by Sheldon Adelson’s Las Vegas Sands organisation, which owns hotel and casino resorts in Las Vegas, Macau and Singapore, Sands Bethlehem offers its casino, as well as live entertainment and outlet shopping. While Las Vegas Sands has agreed to sell the property, the deal is yet to be finalised and is still under review by the Pennsylvania Gaming Control Board.

However, Wind Creek Hospitality, which is the hospitality business of the Poarch Band of Creek Indians, has told US media that it plans to invest US$190m (€166m, £147m) at the resort, including adding a new 300-bedroom hotel.

The company is also looking at options to diversify the appeal of the site, with funds earmarked to develop a waterpark.

If the plans were to go ahead, some 400 permanent jobs would be created, in addition to the 2,100 existing employees already working at the resort.

 


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17 Jan 2019

Waterpark included in expansion plans as US$1.3bn takeover bid launched for Pennsylvania casino
BY Andy Knaggs

The Sands casino resort in Bethlehem, Pennsylvania could receive a multi-million dollar expansion

The Sands casino resort in Bethlehem, Pennsylvania could receive a multi-million dollar expansion

Sands Bethlehem – the hotel and casino resort in Pennsylvania, US, subject to a US$1.3bn (€1.14bn, £1.1bn) acquisition bid by Wind Creek Hospitality – could be expanded with a second hotel and indoor waterpark if the buyer’s plans go forward.

Currently owned by Sheldon Adelson’s Las Vegas Sands organisation, which owns hotel and casino resorts in Las Vegas, Macau and Singapore, Sands Bethlehem offers its casino, as well as live entertainment and outlet shopping. While Las Vegas Sands has agreed to sell the property, the deal is yet to be finalised and is still under review by the Pennsylvania Gaming Control Board.

However, Wind Creek Hospitality, which is the hospitality business of the Poarch Band of Creek Indians, has told US media that it plans to invest US$190m (€166m, £147m) at the resort, including adding a new 300-bedroom hotel.

The company is also looking at options to diversify the appeal of the site, with funds earmarked to develop a waterpark.

If the plans were to go ahead, some 400 permanent jobs would be created, in addition to the 2,100 existing employees already working at the resort.




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