Las Vegas Sands Corp. is selling its casino in Bethlehem, Pennsylvania, to an American Indian tribe from Alabama. Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians, will acquire the Sands Bethlehem property for USD1.3 billion under a deal announced yesterday. The Bethlehem casino opened in 2009 on the site of Bethlehem Steel’s former headquarters plant. Sands spent more than $800 million on the casino as well as a shopping mall, performing arts venue and 300-room hotel. The casino giant is led by mogul Sheldon Adelson. Wind Creek’s properties include casinos in Alabama and the Caribbean, a greyhound track in Alabama and poker rooms in Florida. The deal requires regulatory approval.
Hyundai recalls Sonatas; air bags may not inflate in crash
Hyundai is recalling nearly 155,000 Sonata midsize cars in the U.S. because the air bags may not inflate in a crash. The recall covers cars from the 2011 model year. Hyundai says a short circuit in the air bag control computer can stop the seat belts from tightening before a crash as well as prevent the air bags from deploying. The company says in government documents that it has four reports of air bags not inflating. It was not clear if anyone was hurt. The cars were made between Dec. 11, 2009 and Sept. 29, 2010.
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