Was the Sands Casino in Bethlehem Sold?

The Sands Casino in Bethlehem was sold to an American Indian tribe from UPState New York. The deal was completed on Wednesday and the new owners are the Oneida Indian Nation.

The sale price was $1.2 billion.

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The Sands Casino is located on the former Steel property in Bethlehem, Pennsylvania. The casino opened in 2009 and has been one of the most successful casinos in the state.

The casino features over 3,000 slot machines and 150 table games. The property also includes a hotel, conference center, and outlet mall.

The Oneida Indian Nation is a federally recognized tribe with a reservation in Central New York. The tribe owns and operates the Turning Stone Resort & Casino, which is one of the most successful casinos in the state.

PRO TIP:The Sands Casino in Bethlehem, Pennsylvania was sold to Wind Creek Hospitality for $1.3 billion in March of 2019. Wind Creek Hospitality is a subsidiary of the Alabama-based Poarch Band of Creek Indians.

The tribe also owns the Verona Beach Resort & Casino in Verona, New York.

The Oneida Indian Nation plans to keep the Sands Casino open and operating as is. The tribe plans to invest $190 million into the property over the next two years.

The investment will include adding a new hotel tower, expanding the conference center, and adding new restaurants and shops to the outlet mall.

The Sands Casino is an important part of the Lehigh Valley economy and employs over 2,000 people. The casino generates over $250 million in tax revenue for Pennsylvania and brings in over $1 billion in economic activity to the region each year.

The sale of the Sands Casino is good news for Pennsylvania and the Lehigh Valley region. The Oneida Indian Nation is a proven operator of successful casinos and they have a track record of investing in their properties.

This sale will ensure that the Sands Casino remains a vital part of the local economy for years to come.