Popular Videos - Wind Creek Bethlehem & Sands Casino
But the source cautioned it's part of company policy to gauge outside interest on every company property in the United States.
In other words, while Las Vegas Sands' highly lucrative Macau properties are off-limits, every Sands casino in the U.
Some analysts theorize that with Sands Bethlehem revenues riding winwizard casino, and potential gambling competition brewing in New York state, the time is right for Las Vegas Sands to sell Bethlehem -- its only U.
Ron Reese, Las Vegas Sands spokesman, said late Thursday the company has worked hard to build its Bethlehem gambling hall, but called talk of a sale nothing more than market speculation.
Most city officials consider Sands, with its global reach and upscale brand, a good neighbor that has been sensitive to the city's quest to preserve the legacy of Bethlehem Steel on the 126-acre South Side site that Sands now owns.
The casino has a steel-making theme and several vacant buildings on the site remain standing, including the blast furnaces that tower as a 200-foot tall landmark along the Lehigh River.
Sands has also discussed plans to reuse other buildings on the site, including sands casino new owners massive No.
When it comes to casinos, you can have a Walmart or you can have a Neiman Marcus.
We've been fortunate to have the Neiman Marcus of casinos.
What other casino company could have continued building the way they did right through the recession?
Bloomberg News and analysts who spoke with The Morning Call sands casino new owners out that several obstacles stand in the way of any sale, even if Sands' flirtation becomes a more serious courtship.
Complicating matters is a selling price that would have to be high, and the fact that potential buyers are wrapped up in other deals, said Larry Klatzkin, a 25-year Wall Street gambling industry analyst and owner of Klatzkin Advisors.
Penn National Gaming Inc.
Louis casino from Caesars Entertainment Corp.
Pinnacle Entertainment announced plans to buy Ameristar Casinos Inc.
In addition, Casinos outside of Las Vegas have italy rome casino recently for about 7.
In the 12 months four queens shows Sept.
All of those numbers are a pretty price to pay for a casino that pays a 55 percent tax rate on its slot machine revenue, as all Pennsylvania casinos do.
Still, analysts and even some city officials for months have wondered whether the casino could be sold, simply because the timing sands casino new owners right.
But now its slot revenues are the second highest in Pennsylvania.
Much of that table games dominance comes from the stream of buses from New York and northern New Jersey.
The potential problem is that New York Gov.
Andrew Cuomo is making a hard push to expand the sands casino new owners limited slot machine casinos at race tracks to add several full-fledged casinos that could sands casino new owners built across the state.
The theory among those who believe the timing may be right to sell say the casino will never be worth more because its revenues source peaking and could be in sands casino new owners a steep fall if New York builds full-service casinos.
Still, the mere talk is enough to worry some Bethlehem officials.
Roger Hudak, chairman of the Mayor's South Side Task Force, an early champion of the Sands coming to Bethlehem, said he hopes any future owner would continue Sands' commitment to redevelop old Steel land between the Minsi Trail and Fahy bridges.
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Popular Videos - Wind Creek Bethlehem & Vehicles
First real visit to the new Wind Creek and we were disappointed in the new venue. First, we got our new cards, which you really don't have to do, but we just ...
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