Las Vegas Sands Corporation In Process of Negotiations

In the midst of planning an $ 800 million redevelopment of the Sands Casino Resort Bethlehem property, the operator of the Las Vegas Sands Corporation has reported to employees in Pennsylvania where the casino could be around for sale.

According to a report from The Morning Call newspaper, Mark Juliano, President for the Sands Casino Resort Bethlehem, made the revelations in an e-mail sent to workers at the Northampton County property while he also assured employees that they would continue to be assessed of any future developments.

“We have been informed today that the Sands [Casino Resort] Bethlehem has a potential buyer; it is the sole buyer interested in buying a property, ”reads Thursday’s e-mail from Juliano. “The sale is not going to happen and there is a lot of work that remains to be done before the sale is final.”

The Morning Call reports that Bethlehem Mayor Robert Donchez confirmed that Juliano had shared the news with him on Thursday evening while Ron Reese, a spokesman for the Las Vegas Sands Corporation, declined to comment further but did not release an official statement from the giant Las Vegas-based casino.

“Las Vegas Sands [Company] regularly approaches potential interests in various assets,” reads a statement from Reese. “The company has no announcements to make at this time.”

Following nearly six years of negotiations, last week saw security guards at the Sands Casino Resort Bethlehem make history by becoming the first union group to successfully negotiate a contract with the Las Vegas Sands Corporation, which is run by 83-year-old casino billionaire Sheldon Adelson. The operator has more than 50,000 employees worldwide including in developments in Macau, Singapore and Las Vegas and has consistently opposed attempts by workers to unite but was eventually forced into the table following a 2015 ruling from the National Labor Relations Council.

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“We know how much Sheldon Adelson hates unions and we talk about it a lot,” George Bonser, the recently retired Sands Casino Resort Bethlehem security guard who helped to ignite efforts to unite, told The Morning Call. “We were worried he might try to take the whole place apart but it seems too drastic. I hope [that] doesn’t play a role. ”

The Sands Casino Resort Bethlehem, which houses more than 3,000 slots along with some 200 gaming tables, opened in 2009 with its owner reportedly revealing just four years later that he was ready to sell the property for the right price. Adelson then allegedly tried to offload the spot for Carl Icahn, owner of Tropicana Incorporated in 2013 before reconsidering and then bringing in Juliano, who had become one of the top executives in Singapore.

“We are certainly proud of the financial success Sands [Casino Resort] Bethlehem has achieved but we are also very proud to fulfill the commitment we have made to the people of Lehigh Valley,” reads a 2014 statement from Adelson. “Bringing pride back to this historic site many thoughts that were lost for good is the real legacy of the Sands [Casino Resort] Bethlehem and it is the foundation on which we will continue to build.”

Along with the main hotel and casino building, which was once home to the work of Bethlehem Steel, The Morning Call reports that the Las Vegas Sands Corporation’s holdings in the Bethlehem area moreover include a nearby piece of land where the city wants to build a parking garage.

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“If there is a sale, we will definitely want to work with the new owners to develop the entire site,” Donchez told the newspaper. “If not, I will urge the new owners to sell the pieces of property so someone else can develop them.”