The Pennsylvania Gaming Control Board has green signaled the sale of Sands Casino Resort Bethlehem to PCI (Poarch Creek Indians) Gaming Authority. The $1.3 Billion deal was announced over a year ago, and now it has got over its biggest hurdle which involved the state gambling authority’s approval.
With Pennsylvania Gaming Control board’s approval, the control of Sands Bethlehem’s license would be transferred from Sands Bethworks Gaming to PCI (Poarch Creek Indians) Gaming Authority.
As a part of the fees for the change of control of the license, the Wind Creek Hospitality brand will pay the gaming commission a fee of $3.75 million. Following the approval, it is expected that the casino would shut operations on Friday before it reopens again under the new ownership.
Wind Creek has already announced that they have allocated $15 million for rebranding expenses and that it would take them approximately 90 days to rebrand.
Also, Wind Creek has plans to expand the convention hall and add a hotel to the property. That expansion plan would be a $190 million project and would take about 2 years to complete. The expansion would see a 276-room hotel added to the property along with 42,000 square feet of meeting space.
In its presentation before the Gaming Control Board officials, Wind Creek sadi: “We expect Wind Creek Bethlehem to be the best resort and casino in the Northeast.”