Sheldon Adelson $26.5 B 79 casinos United States
Sheldon Adelson, the owner of the Las Vegas Sands casino empire, was dealt a losing hand in the November election. The Republican donated at least $53 million to super PACs backing Mitt Romney and a slew of defeated congressional candidates. But his casinos continue to win: shares are up more than 20% since the summer, despite an ongoing Federal investigation alleging LVS violated the corruption laws in its dealings in Macau. This March Adelson's LVS stated in its annual report that indeed it had likely violated federal anti-bribery laws in its dealings there. The company had previously denied any wrong doing. Adelson sold his computer convention, Comdex, to Softbank for $862 million in 1995. He built $1.5 billion the Venetian Resort in 1997 and the $1.9 billion Palazzo resort in 2008. Last spring he opened his third mega casino in Macao. Future targets: Japan and Europe.
Sheldon Adelson, the owner of the Las Vegas Sands casino empire, was dealt a losing hand in the November election. The Republican donated at least $53 million to super PACs backing Mitt Romney and a slew of defeated congressional candidates. But his casinos continue to win: shares are up more than 20% since the summer, despite an ongoing Federal investigation alleging LVS violated the corruption laws in its dealings in Macau. This March Adelson's LVS stated in its annual report that indeed it had likely violated federal anti-bribery laws in its dealings there. The company had previously denied any wrong doing. Adelson sold his computer convention, Comdex, to Softbank for $862 million in 1995. He built $1.5 billion the Venetian Resort in 1997 and the $1.9 billion Palazzo resort in 2008. Last spring he opened his third mega casino in Macao. Future targets: Japan and Europe.
No comments:
Post a Comment