LV Sands To Move Ahead With Pennsylvania Hotel

3rd Mar 2010
LV Sands To Move Ahead With Pennsylvania Hotel

Las Vegas Sands Corp. says recent rumors of the company’s supposed interest in selling its Sands Casino Resort Bethlehem property, or indefinitely delaying the completion of the hotel and other components of the development, are unfounded.

Contrary to that, the company has already mobilized its development team in the region and could restart construction on the 300-room hotel tower within the next several weeks, or as soon as subcontractors are lined up and activated.

“We are looking forward to reviewing our table games application with the Gaming Control Board, and at the same time we have undertaken efforts which will result in construction resuming on the hotel portion of the development in the very near future,” says Las Vegas Sands Chairman and Chief Executive Officer Sheldon G. Adelson.

“With the addition of table games, Sands Bethlehem will become the most complete and convenient gaming destination for millions of New York City and northern New Jersey residents and, at the same time, enhance the profitability of the property starting in the foreseeable future,” Adelson says.

Adelson says the company would assess restarting construction on the remaining aspects of the development, including the retail space and multi-purpose facilities, while it prepares for table games and the resumption of construction on the hotel tower.



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