Sands seeking to sell Bethlehem casino
By Express-Times staff
February 27, 2010, 12:21AM
.The casino on Bethlehem's South Side may get a new name. Las Vegas Sands Corp. is looking to sell the slots parlor less than a year after opening it on former Bethlehem Steel land, according to a person with knowledge of the corporation's plans.Disappointed with Sands Casino Resort Bethlehem's early financial returns, officials are turning their attention to Asia, where Sands is developing megaresorts in Singapore and Macau.
“The company’s focus right now is to get the property to perform better,” Sands spokesman Ron Reese said, declining to discuss whether the casino is for sale. “We’re in the process of initiating some new marketing programs and looking forward to getting table games and overall working to improve the performance of the property.”The Bethlehem casino reported a $2.1 million operating loss in the fourth-quarter of 2009. The revenue was $57.5 million for the same period.
Read Lynn Olanoff's complete report: Las Vegas Sands Corp. seeking to sell Sands Casino Resort Bethlehem.Find more news stories in today's Express-Times.
EDITORIAL FOOTNOTE: If Sands can't make a profit in Pennsylvania, what makes the MTGA (the Mohegan Tribal Gaming Authority), think they can make a profit at the Mohegan Sun at Pocono Downs? Has the Pocono Downs property ever made any money? Will Pocono Downs ever make any money? Should it be sold? What do you think?