A week ago came the first inklings that the second-largest casino operator might be interested in buying a property from the world’s largest, as MGM Resorts International was showing interest in perhaps purchasing the Sands Casino Resort Bethlehem in Pennsylvania from Las Vegas Sands.
The Morning Call of Allentown was among the outlets reporting a week ago that Pennsylvania gaming officials had confirmed a deal was in the works and that Sands Bethlehem had already notified its employees of the possibility.
Then on Wednesday came a follow-up report that a deal had been reached, with “an agreement in principle” having been made for MGM to purchase Sands Bethlehem for “about $1.3 billion,” reports the Call.
The deal may still take another six months to close, with the sale also ultimately requiring approval from the Pennsylvania Gaming Control Board. According to PGCB spokesman Richard McGarvey, “a sale would trigger a several-month process in which the principals of the new company would be investigatedby the board before they could assume Sands’ gaming license.”
Adelson’s Sands Bethlehem Fined for Underage Gambling Pennsylvania casino regulators approved fines Wednesday against the operator of Sands Casino Resort Bethlehem for three alleged incidents of visitors under age 21 on the gaming floor.
Sands Bethworks Gaming LLC faces fines totaling $39,000, according to the Pennsylvania Gaming Control […]
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Adelson May Still Buy Online Gambling Ban This Year Would $20 million be enough to buy enough U.S. Senators to get a law passed before the New Year that will benefit your business interests? Apparently Las Vegas Casino magnate Sheldon Adelson thinks so.
He’s become a human ATM machine for the Republican Party this year, having donated […]