Sands: Not Selling Pennsylvania CasinoFirm Denies Rumors That Bethlehem Property Is On The Market |
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Contrary to reports and industry speculation, Las Vegas Sands Corp. will not be selling its casino in Pennsylvania—at least that’s what the firm is maintaining.
According to reporting from WFMZ.com, Sands will be appointing former Atlantic City casino executive Mark Juliano as the new president of Sands Bethlehem.
In April, the Morning Call reported that Sands had put the property on the market and that Tropicana Entertainment was interested in buying the casino.
Sands spent more than $800 million, more than any other casino firm in the state, to build the property, which also includes a 302-room hotel, shopping mall and event center. The money wasn’t wasted, as it is consistently one of the most successful in Pennsylvania.
The report also said that Sands plans further investment in the casino.
Sands is the largest casino developer in the world, best known for its mega resorts in Macau and Las Vegas. Some say that its Bethlehem joint doesn’t fit with its overall approach.
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