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WIND CREEK CLOSES ON SANDS CASINO DEAL, STILL MULLING SPORTS BETTING OPPORTUNITY BY BRIAN PEMPUS

One of Pennsylvania’s top casinos officially has a new owner.

On Monday, Wind Creek Hospitality, an authority of the Poarch Band of Creek Indians of Alabama, announced that it closed on its $1.3 billion purchase of Sands Bethlehem in Pennsylvania. The property will be rebranded as Wind Creek Bethlehem. WCH also acquired the 150k-square-foot retail mall and the property’s multi-purpose event center, along with the 282-room hotel.

WCH funded the acquisition with a combination of existing cash on its balance sheet and new debt financing. WCH plans to invest $340 mm into the property “over time,” including a new 300-room hotel adjacent to the casino, among other amenities.

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