July 28, 2010 |
Casino operator Las Vegas Sands Corp., operator of the Sands Bethlehem casino in eastern Pennsylvania, reported Wednesday that its second-quarter loss narrowed to $4.7 million as revenue soared nearly 51 percent to $1.59 billion. The company was helped by the opening of its latest casino-resort in Singapore and strong results in Macau, the Chinese gambling enclave. Here's how the company's quarterly revenue broke down by location: Bethlehem: $68.6 million. The Sands Bethlehem casino opened during the second quarter last year.
January 19, 2013 |
Las Vegas Sands Corp., the company controlled by billionaire Sheldon Adelson, is seeking a buyer for its casino in Bethlehem, Pa., according to people with knowledge of the situation. The Las Vegas-based company is asking as much as $1 billion for the property, the second-largest casino in the state based on gambling revenue, said the sources, who asked not to be identified because the matter is private. A deal is not certain. Efforts to sell the casino have been complicated by price and potential buyers involved in other deals.
May 15, 2009 |
Casino magnate Sheldon Adelson doesn't look back - even after a year when he lost $22 billion of his net worth, one of the biggest falloffs of 2008, according to Forbes magazine. Instead, Adelson is looking ahead to his latest venture: a $743 million casino that will open next Friday in Bethlehem, Pa., about an hour's drive from Philadelphia. "The project is important for us," Adelson said in a rare interview. "We don't want to fail in any project. We do our best to succeed.
January 25, 2013 |
Although Sands Casino Resort Bethlehem grossed the second highest slots revenue in the state last year, and generated the most from table games, Wall Street gaming analysts say parent company Las Vegas Sands Corp. may be looking to unload it to focus on developments in Asia and Europe. The Las Vegas-based giant, which owns the Venetian and Palazzo on the Strip, was among the first major American gambling companies to establish a presence in Macau, a tiny peninsula on the southeastern tip of China.
August 29, 2007 |
Macao, the former Portuguese enclave on the southeastern tip of China, took a giant step toward becoming the Las Vegas of Asia with yesterday's opening of the world's biggest casino. The $2.4 billion Venetian Macao Resort Hotel is the centerpiece of a $12 billion "integrated resort" development - the first Las Vegas-style megacasino on a sliver of reclaimed land called the Cotai Strip. "It is all systems go," said Ray Dougherty, a West Philadelphia native and director of casino operations for the Venetian Macao.
March 3, 2013
Zoo welcomes polar bear cub BUFFALO, N.Y. - A smiling, playful 3-month-old polar bear cub has made its public debut at the Buffalo Zoo in New York. The fluffy white cub was introduced Friday as the zoo announced the next phase of fund-raising for a new $18 million polar bear exhibit. About $4 million is still needed. The zoo says it's one of only two in North America to have polar bear births in 2012. The cub is still too small to exhibit, but she's visible via closed-circuit television at the zoo on weekday afternoons.
February 17, 2012 |
BETHLEHEM, Pa. - Sands Casino Resort - which in January eclipsed Parx as the leader in table-game revenue for the fourth time since July 2010's start of blackjack and poker in the state - marked the grand opening Thursday of the latest arrivals to its new shopping mall. The Shoppes at Sands, a high-end outlet mall, is the first in a Pennsylvania casino. A half-dozen stores opened Nov. 1, followed by staggered openings over the last 3 1/2 months. Four more shops were added Thursday: Coach Factory, Chico's, Peeps & Co., and Corningware Corelle & More.
May 1, 2010 |
Less than a year after a grand opening that rivaled the glitz and glamour of a Las Vegas revue, Sands Casino Resort in Bethlehem is laying off 80 employees. The cuts, announced Friday, will be across the board, said Sands president Robert DeSalvio, but more of them will occur in the casino's largest department: food and beverage. The casino houses four restaurants, two of which opened last fall. The 9 percent reduction brings the casino's workforce to 780, down from its current 860, and nearly 200 fewer than when it opened last May 22 with 3,000 slot machines.
October 9, 2006 |
If the slow death of Bethlehem Steel was tragedy, then the imminent slots-and-lofts redevelopment of its steelworks is farce. For a few years, the abandoned acres surrounding the Bethlehem Steel plant in Bethlehem, just an hour north of Philadelphia, were the stuff of coffee-table nostalgia and regional despair. Today, a consortium of developers led by casino giant Las Vegas Sands plans to turn the former plant and 124 acres into a theme-park mix of stores, apartments, and a casino hotel.
June 9, 2009 |
BETHLEHEM - Pennsylvania's newest - and largest - casino got it official opening today with a lavish display of Vegas show-finery balanced by steelworkers wielding a blow torch who helped pay homage to the site's former occupant: a steel mill. The Sands Casino Resort, which already had opened to gamblers May 22, got its official ribbon-cutting - or, in this case, a shrill clanging of a 650-pound whistle from the SS Normandy, a French cruise liner whose salvaged whistle was used to mark shift changes at the steel plant - at just about 1 o'clock.