Filed under: Real Estate Developments
The Las Vegas Sands Corporation has been having some financial trouble lately but the plans for the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania are going forward. The resort is scheduled to open to the public for the first time on May 22 with a grand opening on June 9, 2009.
The resort is located on the former site of the Bethlehem Steel plant and will have 3,000 slot machines, a 24-hour Cafe, an Irish pub, a marketplace featuring a wide selection of cuisines, and a celebrity chef steak house. The Sands Bethlehem has brought over 1,000 jobs to the region. Further development calls for an additional 2,000 slot machines, 200,000 square feet of retail space, and nearly 50,000 square feet of flexible multi-purpose space, which will allow the property to accommodate meetings, conventions, and special events. The master plan will eventually include a 300-room hotel, with the rooms modeled after those at the Palazzo Resort in Las Vegas as well as a National Museum of Industrial History, SteelStax - an arts and cultural center, and will also serve as the home for the local public broadcasting station, PBS 39 / WLVT.
This news come just as Sands Chairman and Chief Executive Sheldon Adelson announced this week that the company expects to avoid a debt default through cutting costs, selling two retail malls at the Venetian Macau resort and the Four Seasons hotel in Macau. If Adelson isn't able to find some more money the ambitious future plans for the Bethlehem project may be delayed.