Billionaire casino owner Sheldon Adelson (like “Saddle”) celebrated the grand opening of another casino yesterday. Not in Vegas but Bethlehem. Yes you’re reading this correctly, Bethlehem, Pennsylvania’s “Sands Casino Resort.”
When Sheldon spoke to Maria on "Closing Bell" he said regional casinos looks promising. Adelson said “I see the light at the end of the tunnel in our other properties, but right here at the Sands Bethlehem, it’s very gratifying to have opened the first Brownfield site that has been closed for about 15 years. It’s very gratifying we’re one of the few companies able to put 1,000 people to work here.”
Las Vegas Sands IPO’d back on Dec. 15, 2004 at $29 a share. Now it’s under ten bucks a piece. That’s a 65 percent from its offering price.