Las Vegas Sands, owners of the Venetian in Las Vegas, NV, have won the coveted concession in Bethlehem, PA. This was being sought by other operators, including Trump and Isle of Capri.

The project will be built on a 126-acre site - a former steel mill - near Philadelphia. It will be interesting to see what impact this and other Pennsylvania projects have on Atlantic City as Philly is a major feeder market for AC.

It doesn't seem like the Bethlehem project will have any major financial impact for LVS.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B6579D9CC%2D8355%2D4AB2%2DB766%2DECB38490EF24%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo

and the LVS press release:

http://biz.yahoo.com/prnews/061220/law048.html?.v=80

Technorati Tags: gaming industry, lasvegassands, sands

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Posted by: detroit1051 on December 24, 2006 11:48 AM

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