Sheldon Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness.
Sheldon Adelson dies: Casino mogul, Trump donor dead after non-Hodgkin s Lymphoma diagnosis Associated Press, Reno Gazette Journal
Sheldon Adelson, a casino mogul and major GOP donor, has died at the age of 87
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LAS VEGAS – Sheldon Adelson – the billionaire founder and CEO of Las Vegas Sands and one of President Donald Trump s largest donors – has died at the age of 87 of complications related to treatment for non-Hodgkin’s Lymphoma, the casino company announced Tuesday.
At one point the third-richest man in the world, Adelson brought singing gondoliers to the Las Vegas Strip and went all-in betting Asia would be a bigger jackpot than Sin City. In his later years, he became widely known for his political activism, including his donations to Trump and other Republicans as well as his support for Israel.
Jan 12, 2021
In this Sept. 26, 2016, file photo, Chief Executive of Las Vegas Sands Corporation Sheldon Adelson sits with his wife Miriam waits for the presidential debate between Democratic presidential nominee Hillary Clinton and Republican presidential nominee Donald Trump at Hofstra University in Hempstead, N.Y. Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness, his wife said this morning. (AP Photo/Patrick Semansky, File)
LAS VEGAS (AP) Sheldon Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness, his wife said this morning.
Privately-held casino junket business Suncity Group has “so far” only seen its rolling chip volume recover to “approximately 20 percent of pre Covid-19 levels in Macau,” says a Monday memo from Goldman Sachs (Asia) LLC.
The note, by Hong Kong-based analysts Simon Cheung, Alpha Wang, and Carrie Jiang, was issued after the institution held a ‘Gaming and Conglomerates Corporate Day’ on Friday.
The Goldman Sachs team stated, referring to comments it attributed to a Hong Kong-listed entity associated with the Suncity brand, namely Suncity Group Holdings Ltd: “Suncity commented that the pace of VIP recovery has so far been behind expectation. In response to the soft market conditions, it has decided to close down VIP rooms in Australia, [South] Korea and selective [ones] in Macau, i.e., Parisian [Macao].” The latter property is operated by Sands China Ltd.