Sands says it's not selling Pa. casino
Officials with the Las Vegas Sands swatted down rumors that they planned to sell their casino in Bethlehem, Pennsylvania, and added that they want to make further investment in the property.
The company also said in a statement Friday that it planned to appoint Mark Juliano as the new president of the casino. Juliano served as senior vice president of the Marina Bay Sands resort in Singapore, and officials say he has extensive East Coast ties and experience in Las Vegas and Atlantic City casinos.
Sands officials say they are proud of the Bethlehem casino, which is a small player compared with the company's wildly successful properties in the Chinese gambling enclave of Macau.
First-quarter net revenues for the Bethlehem casino fell about 5 percent year-over-year to $117 million.