Sheldon Adelson, casino CEO and Trump megadonor, dies aged 87

Wednesday 13th January 2021

Adelson made efforts to ensure the casino group's staff around the world continued to receive full pay and health care benefits amid the ongoing Covid-19 pandemic

The billionaire chairman of Las Vegas Sands, Sheldon Adelson, has died.

The casino giant said in a 12 January statement that Adelson, aged 87, died from complications related to treatment for non-Hodgkin's Lymphoma.

"Born to immigrant parents and raised in a poor section of Boston, Mr. Adelson went from a teenager selling newspapers on a street corner to becoming one of the world's most successful entrepreneurs," Las Vegas Sands said.

It noted his achievements in the integrated resort and hospitality industry: "In Las Vegas, Macao and Singapore, Mr. Adelson's vision for integrated resorts transformed the industry, changed the trajectory of the company he founded, and reimagined tourism in each of those markets. His impact on the industry will be everlasting."

Adelson, known for being a backer of Donald Trump, was the first employee of Las Vegas Sands, according to the statement, and liked to refer to "Team Member Number One".

"Today, more than 50,000 Sands team members have Dr. Adelson and the entire Adelson family in their thoughts and prayers and are grateful to have had their lives touched by a true force of nature," the company said.

READ How Steve Wynn, Paul Oakenfold and Sheldon Adelson got Goldman's CEO into house music

It also noted how Adelson made efforts to ensure the casino group's staff around the world continued to receive full pay and health care benefits amid the ongoing Covid-19 pandemic, despite closures to the buildings where they worked.

"There are countless additional untold stories of his warmth and generosity - efforts for which he never sought recognition or publicity and would only reply with a smile if asked about them," the US-listed company said.

It added that he started or was involved in more than 50 different enterprises during his time at the company.

"While his business credentials... are unquestioned, his dedication to philanthropy and commitment to his family will truly be his legacy. He will be missed by people from all parts of the world who were touched by his generosity, kindness, intellect and wonderful sense of humour," Las Vegas Sands said.

To contact the author of this story with feedback or news, email Penny Sukhraj

Source
We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from. By browsing our website, you consent to our use of cookies and other tracking technologies. View more
Agree & Continue