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Las Vegas Sands sells leading Pennsylvania casino for $1.3bn

9th March 2018 10:07 am GMT

US casino operator Las Vegas Sands (LVS) has agreed to sell its sole land-based casino venue in Pennsylvania to Alabama’s Poarch Band of Creek Indians for $1.3bn.

The company has entered into a definitive agreement under which Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the Sands Bethlehem property.

The move comes as the state looks to regulate iGaming later this year, despite the best efforts of LVS chairman and CEO [...]

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