This Jphoto shows the Sands Expo and Convention Center and The Palazzo in Las Vegas. “We remain steadfast in my beliefs that Macao has the potential to become one of the greatest business and leisure tourism destinations in the world,” Adelson said on a conference call in October 2020. Adelson told investors, however, that he was committed to investing billions of dollars overseas.

The coronavirus pandemic caused a steep drop in business at casinos all over the world, but especially in China. The company confirmed in 2020 that Adelson was considering selling his Las Vegas properties if the price he could get for them was high enough. His net worth was US$33.4 billion, according to the Bloomberg Billionaires Index. Adelson, who was chairman and chief executive officer, controlled more than half of the company’s shares. The company, with revenue of US$13.7 billion in 2019, operates a convention center and casinos in Las Vegas along with gambling resorts in Macau and Singapore. He plowed the profits into casinos, first in Las Vegas and then in Asia where he helped turn the former Portuguese colony of Macau into the world’s biggest gambling market.Īdelson’s wealth was derived mostly from his majority stake in Las Vegas Sands, which he founded. Adelson took a leave of absence earlier this month to continue treatment for the disease.Ī Boston cabdriver’s son, Adelson made his first fortune in trade shows, founding what would become the computer industry’s largest event, Comdex, and selling it to Japan’s SoftBank Group Corp. He was 87.Īdelson died Monday night from complications related to non-Hodgkin’s lymphoma, Las Vegas Sands Corp.

Sheldon Adelson, who built the largest casino company in the world and used his wealth to support Republican candidates and groups, has died.

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