Clicky

Alabama Indian Tribe Buys Pennsylvania Casino for $1.3B - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
sands-casino
Published on
Update on
Author

The Creek Indian tribe-owned and Alabama-based Wind Creek Hospitality is reportedly working out a deal that will see it purchase Pennsylvania’s Sands Bethlehem Casino for a whopping $1.3 billion. Sands Bethlehem which is located in Eastern Pennsylvania is the only casino in the United States outside of the state of Nevada that shares a parent company with Las Vegas Sands. Apparently, the sale according to the Sands Corp., the parent company, will allow it to fully focus on its operations in Macau and Las Vegas.

Initially founded by Sheldon Adelson, a renowned casino mogul and billionaire, the casino took advantage of the desolate area that remained after the former Bethlehem Steel plant closed down. Sheldon Adelson saw to the revival of the area’s former glory with the casino project which came with tons of new job opportunities for the residents.

While Adelson is certainly still proud of what his company has achieved in Pennsylvania his utter distaste for online gambling is no secret. This is quite odd especially considering how many land-based casinos have shifted to the online space in a bid to not only stay competitive but also reach more customer. Adelson himself made his wealth from gambling which makes his stance with regards to online gambling even more surprising. In fact, the billionaire casino mogul even made a move that would introduce a legislation that would give him and other of similar views to craft their own laws for online gambling – it failed.

A Worthwhile Venture?

Well, of course, it is. The Indian tribe will be taking control of a stable and highly profitable casino model that was initially built around the $800 million mark in 2009. The casino has been a top earner since it began operating – it has always recorded progressive annual revenues with last year’s revenues rising by $8 million to a whopping $579 million!

Sands Bethlehem will be the fourth casino that will be under Wind Creek Hospitality sector’s ownership and operation. The operator also happens to own a greyhound facility in Alabama, a greyhound track and a poker room in Florida’s Panhandle, a gaming resort in the Caribbean island Curacao as well as a casino in Nevada.

Latest Headlines

Will Pennsylvania Be the Next Esports Betting Hotspot?

Pennsylvania could soon become the latest U.S. state to embrace esports betting, thanks to a newly proposed bill aimed at expanding the state’s regulated wagering market. State Representative Ed Neilson has introduced House Bill 1636, a legislative push that seeks to amend Pennsylvania’s 2017 Gaming Expansion Act to include esports betting. This is Neilson’s second […]

Pennsylvania Casinos Set for Modernization as Slot Machine Requirements Face Major Overhaul

Pennsylvania’s gaming industry is on the verge of a significant shift as Senate Bill 840 moves closer to becoming law. The bill, which recently passed in the state Senate, proposes reducing the mandatory minimum number of slot machines at Category 1 and 2 casinos from 1,500 to 1,000, offering operators much-needed flexibility to stay competitive […]

PA’s Skill Game Controversy Heats Up with Hundreds of Machines Removed

As it turns out, March was a big month for Pennsylvania’s gambling scene, but not for the usual reasons. Instead of new online casino launches or sportsbook promotions, the spotlight turned to a statewide crackdown on illegal gambling devices. Pennsylvania Attorney General Dave Sunday, in partnership with the Pennsylvania State Police, spearheaded a coordinated sweep […]

New Fanatics Casino App Now Live in Pennsylvania

Fanatics, best known for its sports merchandise empire, has officially launched its standalone online casino app for Pennsylvania players. The new platform allows direct access to casino games without needing to go through the Fanatics Sportsbook, marking a significant step in the company’s expansion into the Keystone State’s growing iGaming market. While the web version […]

WSOP Online Breaks New Ground with Four-State Network

The WSOP Online platform, operated by Caesars Entertainment, Inc., has broken new ground in the regulated US poker business by bringing together players from four different states. Now that Pennsylvania has joined Nevada, New Jersey, and Michigan in providing a common player pool across all four states, Caesars has positioned WSOP Online as the only site […]

Similar Stories in Gambling

Will Pennsylvania Be the Next Esports Betting Hotspot?

Pennsylvania could soon become the latest U.S. state to embrace esports betting, thanks to a newly proposed bill aimed at expanding the state’s regulated wagering market. State Representative Ed Neilson has introduced House Bill 1636, a legislative push that seeks to amend Pennsylvania’s 2017 Gaming Expansion Act to include esports betting. This is Neilson’s second […]

Pennsylvania Casinos Set for Modernization as Slot Machine Requirements Face Major Overhaul

Pennsylvania’s gaming industry is on the verge of a significant shift as Senate Bill 840 moves closer to becoming law. The bill, which recently passed in the state Senate, proposes reducing the mandatory minimum number of slot machines at Category 1 and 2 casinos from 1,500 to 1,000, offering operators much-needed flexibility to stay competitive […]

PA’s Skill Game Controversy Heats Up with Hundreds of Machines Removed

As it turns out, March was a big month for Pennsylvania’s gambling scene, but not for the usual reasons. Instead of new online casino launches or sportsbook promotions, the spotlight turned to a statewide crackdown on illegal gambling devices. Pennsylvania Attorney General Dave Sunday, in partnership with the Pennsylvania State Police, spearheaded a coordinated sweep […]

WSOP Online Breaks New Ground with Four-State Network

The WSOP Online platform, operated by Caesars Entertainment, Inc., has broken new ground in the regulated US poker business by bringing together players from four different states. Now that Pennsylvania has joined Nevada, New Jersey, and Michigan in providing a common player pool across all four states, Caesars has positioned WSOP Online as the only site […]