Sands Casino Sells for $1.3B
Future plans call for two additional hotels
PCI Gaming Authority D/B/A Wind Creek Hospitality, an authority of the Poarch Band of Creek Indians, finalized the purchase of the Sands Casino Resort in Bethlehem, Pennsylvania, for a total enterprise value of $1.3 billion. The property will be rebranded as the Wind Creek Bethlehem.
The 282-room upscale hotel includes 183,000 sq. ft. of casino space with 3,000 slots, 200 table games, several food and beverage outlets, a 150,000-sq.-ft. retail mall, and event center. Wind Creek plans to invest an estimated $340 million in updating and expanding the property to include construction of a 300-room hotel adjacent to the casino; a 300,000 sq. ft. adventure and water park at the existing No. 2 Machine Shop Bethlehem Steel site; and a 400-to-450-room hotel adjacent to the adventure park.
Photo: Courtesy of Wind Creek Hospitality