Tomahawk, WI 04/28/2014 (Basicsmedia) – The executives at Las Vegas Sands Corp. (NYSE:LVS) made it crystal clear that they wishto sell off their Bethlehem casino, but anyone who paid attention to their quarterly earnings reportfrom Thursdayhave a feeling that it might already be gone.

For an entire hour, Sheldon Adelson, CEO spoke about gargantuan growth in Singapore and Macau, the 3,000 or so hotel rooms that were being added to their assets in Asia. Sheldon Adelson foretold that the customary gambling habits of Asians would shower his organization with billions for decades to come.

However, he never brought up the company’s smallest property, or mentioned the word Bethlehem, not even to debate upon its revenues or future. Despite the fact that the parent company’s origins was Las Vegas Sands Corp. (NYSE:LVS), he mentioned it only twice, in passing.

The Situation At Hand

This was the first time the Bethlehem casino had everendured a quarterly decline; from $123 to $117 million in net revenues over the past year. Their net revenues in Sin Citydropped from $411 to $382 million over the same time frame, according to a report filed with the U.S. SEC.

While Bethlehem is arguably the most successful casino in Pennsylvania, there is some concern that it may have hit a plateau. Revenues from slot machines appear to have stagnated, and its tables showed their first reduction over the previous year since table games were inaugurated in the state in 2010.

In comparison, Sands’ net revenues for 1Q2014 from Singapore were $835 million and $2.7 billion in Macau.Though the company record profits of $1.1 billion for 1Q2014, its figures in Bethlehem were disheartening.

A Defensive Stance

Adelson resisted elaborating upon why Las Vegas Sands Corp. (NYSE:LVS)’ future was in Asia — and not Las Vegas, for that matter. At this point, there isn’t any word upon whether or not Las Vegas Sands is planning a hotel expansion in Bethlehem.

Apparently employees at Las Vegas Sands have mentioned to other media agencies that there have been talks going on for months with Tropicana Entertainment regarding the potential sale of the Bethlehem casino. If a deal does take place, ownership of the Bethlehem casino transfer from Adelson to Tropicana’s owner, Carl Icahn.

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