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Tag Archives: Sheldon Adelson

US – Adelson tops gambling’s rich list again but wealth has fallen 28.9 per cent since coronavirus outbreak

The Forbes 2020 rich list has confirmed Las Vegas Sands Chairman and CEO Sheldon Adelson as the richest person in the casino sector, ranking him in 28th place with a net worth of US$26.8bn. Carl Icahn, the biggest shareholder in Caesars Entertainment, came in at 78th place with a net worth of US$13.8bn whilst Galaxy…

US – New Jersey files lawsuit against DoJ for silence on Adelson link

New Jersey Attorney General Gurbir Grewal has filed a lawsuit against the US Department of Justice (DOJ), alleging that it has violated the Freedom of Information Act (FOIA) by failing to provide answers in response to New Jersey’s demand for any documents linking DOJ’s recent crackdown on state-sanctioned online gaming to the lobbying efforts of…

US – Las Vegas Sands supremo Sheldon Adelson is battling cancer

Sheldon Adelson, the billionaire casino visionary behind Las Vegas Sands, has been diagnosed with cancer and hasn’t been at work since December. Adelson, 85, is recovering from the side effects of the medication he has been taking for non-Hodgkin’s lymphoma. Ron Reese, Sands’ spokesman said: “Mr Adelson is still dealing with certain side effects from…

US – Adelson is the world’s 20th richest man

Bloomberg has pitched Las Vegas Sands Corp Chairman and CEO Sheldon Adelson as the world’s 20th richest man with a wealth of US$36.8bn. Mr. Adelson’s pay doubled to US$26.1m in 2017 whilst his compensation package increased from US$12.7m in 2016, made up from a salary of US$5m alongside a US$12.5m cash bonus, US$4.21m in equity…

US – USPokerSite.net questions Adelson/ Reid relationship

The RAWA (Restore America’s Wire Act) anti-online gambling bill did not pass through Congress hidden in the federal budget bill as some speculated. Las Vegas-based casino mogul Sheldon Adelson, was expected to have enough clout to get the bill passed. But it didn’t happen, thus impeding the anti-online gambling efforts of Adelson and his alleged…

Japan – Adelson pledges ‘whatever its takes’ to operate in Japan

Las Vegas Sands’ boss Sheldon Adelson has said he will invest ‘whatever it takes’ to develop his blueprint of what a casino should look like in Japan, a market that is tipped to be worth $15bn a year. “We will spend whatever it takes. We could pay all cash. We don’t have to, but we…

US – FBI and Secret Service investigate Sands’ hacking

The FBI and Secret Service are investigating what looks like a politically motivated hacking of the Las Vegas Sands casino company’s websites. Hackers took control of the company’s corporate site, as well as the websites for the Venetian and Palazzo casinos in Las Vegas, replacing them with a map using flames to depict where Sands…

Spain – Official details of EuroVegas revealed

Despite the recent suggestion put forward by General Secretary of the Socialist Party of Madrid, Tomás Gómez that plans for the new Euro Vegas in Spain have ‘fallen through” Las Vegas Sands has officially registered a feasibility study for the new EuroVegas complex. In what has been described by the President of the Community of Madrid Ignacio González…

China – Adelson takes to the stand for Macau licence case

Casino mogul Sheldon Adelson has been in court testifying against a Hong Kong businessman who claims he is owed US$328m for easing the passage to Las Vegas Sands’ licence to operate their now cash-rich casino resorts in Macau. The case dates back to 2008 when Richard Suen, a Hong Kong businessman, claims that Sands agreed…