Las Vegas Sands

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has been granted approval from the state of Pennsylvania to open the doors of its Sands Casino Resort Bethlehem on Friday.

Sands Bethlehem is located on the former site of the Bethlehem Steel plant, an hour from Philadelphia and an hour and a half from New York. The new casino will debut with 3,000 slot machines and feature Emeril Lagasse's first restaurant in the Northeast.

Shares of Las Vegas Sands were trading down 5.3% to $9.27 shortly before 2:30 p.m. EDT.

MGM Mirage

(MGM) - Get Report

was down 4.9% to $7.77.

Wynn Entertainment

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was down 5.5% to $37.01.

Boyd Gaming

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was down 5.9% to $9.90.

Penn National Gaming

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was down 6.9% to $29.32.

Ameristar Casinos

(ASCA)

, which announced it would $150 million senior notes to an existing notes offering, was down 5.9% to $18.94.

Isle of Capri Casinos

(ISLE)

was down 8.6% to $12.44.

Melco Crown Entertainment

(MPEL)

was down 7.7% to $5.40.

Pinnacle Entertainment

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was down 1.5% to $11.11.