BETHLEHEM, Pa. - Las Vegas Sands Corp. is selling its Bethlehem casino to an American Indian tribe from Alabama.
Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians, will acquire the Sands Bethlehem property for $1.3 billion under a deal announced Thursday.
The Bethlehem casino opened in 2009 on the site of Bethlehem Steel's former headquarters plant.
Sands spent more than $800 million on the casino as well as a shopping mall, performing arts venue and 300-room hotel. The casino giant is led by mogul Sheldon Adelson.
"We are pleased to have built a strong foundation that can be the basis for the property's future success and more importantly, we are proud to have delivered on our promise of bringing thousands of good paying jobs..." said Sheldon G. Adelson, Sands chairman and CEO.
Sands Bethlehem President Brian Carr says the pending sale will not impact the work of its team members.
Wind Creek's properties include casinos in Alabama and the Caribbean, a greyhound track in Alabama and poker rooms in Florida.
"The addition of this fantastic team and property to our portfolio furthers our desire to secure a long and prosperous future for our tribe," said Stephanie Bryan, Tribal Chair and CEO of the Poarch Band of Creek Indians.
The deal requires regulatory approval.
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