Sands Bethlehem selling could be imminent

Sands Bethlehem selling could be imminent

New sources confirm that the sale of the Pennsylvanian casino could be finished in the upcoming days.

US.- Las Vegas Sands announced last week that MGM Resorts International had approached them in relation to the potential sale of the facility. Local media confirmed that both companies have reportedly reached a US$1.3 billion deal.

According to the Allentown Morning Call, the Pennsylvanian casino owner reached an agreement to sell Sands Bethlehem to MGM Resorts for almost 1 and a half billion. Even though no one was mentioned, the newspaper says that there are two different sources that agree that the sale of the facility is imminent.

Contrary to what the sources explained, Mary Hynes, spokeswoman for MGM, said that Las Vegas Sands is regularly approached about potential interest in various assets. “The company has no announcement to make at this time. As always, we thank.” Las Vegas Sands is currently the most profitable casino in the state with net revenues of US$570 million in 2016. The facility announced a while ago that they were in talks about the possible selling of the casino, but they warned that it could end up in nothing.