PCI Gaming Authority, trading as Wind Creek Hospitality (WCH), an instrumentality of the Poarch Band of Creek Indians, has confirmed it will acquire the Sands Casino Resort in Bethlehem, Pennsylvania, for a total enterprise value of $1.3bn. The transaction has been approved by the Pennsylvania Gaming Control Board (PGCB).
The closing of the transaction follows circa 14 months of regulatory review and other customary closing conditions. Wind Creek President and CEO Jay Dorris commented: “We are pleased with the decision of PGCB and anticipate moving quickly to close the transaction. I look forward to welcoming all the Sands Bethlehem employees to the Wind Creek family.”
The facility, which will be integrated into the WCH portfolio as Wind Creek Bethlehem, represents a Las Vegas-style resort, located in the heart of the Lehigh Valley of Pennsylvania, approximately 80 miles from New York City.
Amenities include: a 282-room hotel, a 183,000 square foot casino floor featuring 3,000 slots and electronic table games, 200 table games, numerous food and beverage outlets, a 150,000 square foot retail mall, and a multi-purpose event center.
Sands President and COO Brian Carr commented: “We are thankful for the strong foundation that Las Vegas Sands provided for us over the past decade. It is exciting to now shift our focus to the future as we begin the process to rebrand the property to Wind Creek Bethlehem.”
Poarch Band of Creek Indians Tribal Chair and CEO Stephanie Bryan noted: “The purchase of the Sands Casino Resort Bethlehem is a valuable addition to the Tribe’s existing gaming portfolio. This investment will expand and complement our already extensive Wind Creek Hospitality brand’s offerings, and bring added economic growth to the Lehigh Valley.”