..

Sands Bethlehem May be Sold to MGM

Written by:
Guest
Published on:
Mar/03/2017

Pennsylvania’s biggest casino, Sands Bethlehem, may be sold to MGM, sources told the Morning Call late Thursday.

"We have been told today that Sands Bethlehem has a potential buyer; it is a sole buyer interested in purchasing the property," Mark Juliano, Sands Bethlehem president, said in the note. "The sale is not imminent, and there is a lot of work that still needs to be done before a sale is final."

The company is in the midst of a $90 million expansion that would add restaurants, slot machines and table games.

Parent company, Las Vegas Sands Corp, released the following statement: "Las Vegas Sands is regularly approached about potential interest in various assets. The company has no announcement to make at this time."

The casino is owned by casino billionaire and GOP mega donor Sheldon Adelson.

It is widely believed that Adelson’s disdain for unions could be the root cause for the acquisition rumors.

Just last week, 146 Sands security guards in Bethlehem made history by becoming the first in a casino empire of 50,000 workers to ratify a union contract, the Morning Call noted.

Adelson has worked hard to keep unions out of his Vegas properties, mostly by paying employees higher wages than the unionized casinos.

- Aaron Goldstein, Gambling911.com

 

Gambling News

How Much Money Can You Make from Gambling?

If you are looking to make money from the gambling industry then you need to look at it from the simple way of the house and the player. The house always wins, is not just a saying, it is a reality. Over the long term players always lose, and just look at Vegas and other casinos around the world.

Accusations Levied Against William Hill for Cheating on In-Game Bets

Accusations Levied Against William Hill for Cheating on In-Game Bets

Nevada's William Hill operations have been accused of cheating players with in-game wagers, accusations that Hill calls "outrageous".

Moving from Online Gambling to Virtual Reality Gambling 

Online gambling is one of the most flourishing businesses worldwide. A large number of people visit the internet to bet on their preferred sports and games.  In the last few decades, it has witnessed rapid growth due to technological innovations and advancement.

New Jersey Shatters Sports Betting Record

New Jersey Shatters Sports Betting Record

New Jersey’s fast-growing sports betting market blew past its own national record in September, taking in more than $748 million in bets from sports gamblers finally able to wager on football amid the coronavirus outbreak.

Can't Bet on Draftkings From California

Can't Bet on Draftkings From California

You have seen the ads.  Draftkings is all over the place during sporting events.  But if you live in California, Draftkings is not available for betting.

Syndicate