Las Vegas Sands is to sell the Sands Bethlehem property in Pennsylvania to Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, for $1.30bn, subject to approvals.
The property will be known as Wind Creek Bethlehem, once the sale goes through.
Sheldon Adelson, chairman and CEO of Las Vegas Sands, said in a statement: “Sands Bethlehem has become one of the leading regional entertainment and gaming destinations in the US and we are extremely proud of the positive contributions the property has made for Bethlehem, the Lehigh Valley and eastern Pennsylvania.
“We are pleased to have built a strong foundation that can be the basis for the property’s future success and more importantly, we are proud to have delivered on our promise of bringing thousands of good-paying jobs, generating significant economic impact and revitalising a site of sentimental and historical importance.”
Stephanie Bryan, tribal chair and CEO of the Poarch Band of Creek Indians, said: “The quality of the property and dedication of the team members to genuinely engage with customers was evident from the first time we visited the property.
“The addition of this fantastic team and property to our portfolio furthers our desire to secure a long and prosperous future for our tribe. We look forward to working with our new team members and the community to cement Wind Creek Bethlehem’s position as the premier entertainment destination in the northeast.
“We are proud of our ability to become valued partners with communities surrounding our Wind Creek Hospitality properties.”
Sands Bethlehem president Brian Carr said the pending sale would not impact upon the day-to-day running of the property.
“We’ve become an important regional entertainment destination because of our commitment to our customers,” he said. “That’s not going to change regardless of what the sign on the top of the building might read.
“I’m confident our entire team will provide a smooth and seamless transition for new ownership while at the same time maintaining the strong level of guest service for which we have become known.”