Sands Bethlehem casino has been up for sale for over a year. It also has a buyer – the Poarch Band of Creek Indians – but the approval from the Pennsylvania Gaming Control Board (PGCB) is pending.
However, recent reports suggest that the board could make a decision about the casino’s acquisition in a meeting next week and the long-awaited deal would materialize by the end of May.
The meeting is announced for May 15 in the capital city Harrisburg. While an official statement from PGCB explaining the details of the said meeting is yet to come, according to local media reports Bethlehem’s mayor, Bob Donchez has indicated there are definite plans to discuss the casino’s sale.
Wind Creek Hospitality, the company representing the tribe, has already announced that it would purchase the casino for $1.3 billion.
The company already owns and operates seven different casinos. The company has three casinos in Alabama and one casino each in Florida, Curacao, Aruba, and Nevada.
The tribe has announced that they have a budget of $190 million towards renovation and redevelopment of the facility. The redevelopment plan also includes constructing a 300 room hotel. The tribe has also said that they would generate at least 300 to 400 additional jobs.
If the gambling board approves the acquisition deal, the casino would be renamed Wind Creek Casino and Resort. Earlier in 2017, MGM Resorts International, gambling and hospitality giant was also amongst the contenders to purchase the casino, but it backed off.