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breaking .... mbs casino close one week for mourning...
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Las Vegas Sands Announces Passing of Company Founder and Industry-Changing Entrepreneur Sheldon G. Adelson
January 12, 2021
Download this Press Release PDF Format (opens in new window)
LAS VEGAS, Jan. 12, 2021 /PRNewswire/ -- Las Vegas Sands issued the following statement announcing the death of company Chairman and Chief Executive Officer Sheldon G. Adelson:
Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 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.
His achievements in the integrated resort and hospitality industry are well-documented. 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.
Mr. Adelson was the first employee of Las Vegas Sands – "Team Member Number One" he liked to say. 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.
When the pandemic disrupted daily routines and dramatically impacted his business, Mr. Adelson was adamant that our Team Members across the globe continue to receive full pay and health care benefits even while the buildings in which they worked were closed. 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.
While his business credentials – having started or been involved in more than 50 different enterprises - 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 humor.
The Adelson family asks for privacy as they mourn Mr. Adelson's passing. A funeral will be held in Israel, the birthplace of Dr. Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date.
About Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas Sands is the world's pre-eminent developer and operator of world-class Integrated Resorts. We deliver unrivaled economic benefits to the communities in which we operate.
LVS created the meetings, incentives, convention and exhibition (MICE)-based Integrated Resort. Our industry-leading Integrated Resorts provide substantial contributions to our host communities including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses.
Our properties include The Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., we have developed the largest portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao, Sands Cotai Central and The Parisian Macao, as well as the Sands Macao on the Macao Peninsula.
LVS is dedicated to being a good corporate citizen, anchored by the core tenets of serving people, planet and communities. We deliver a great working environment for 50,000 team members worldwide and drive social impact through the Sands Cares charitable giving.
Contacts:
Investment Community:
Daniel Briggs
(702) 414-1221
Media:
Ron Reese
(702) 414-3607
January 12, 2021
Download this Press Release PDF Format (opens in new window)
LAS VEGAS, Jan. 12, 2021 /PRNewswire/ -- Las Vegas Sands issued the following statement announcing the death of company Chairman and Chief Executive Officer Sheldon G. Adelson:
Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 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.
His achievements in the integrated resort and hospitality industry are well-documented. 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.
Mr. Adelson was the first employee of Las Vegas Sands – "Team Member Number One" he liked to say. 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.
When the pandemic disrupted daily routines and dramatically impacted his business, Mr. Adelson was adamant that our Team Members across the globe continue to receive full pay and health care benefits even while the buildings in which they worked were closed. 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.
While his business credentials – having started or been involved in more than 50 different enterprises - 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 humor.
The Adelson family asks for privacy as they mourn Mr. Adelson's passing. A funeral will be held in Israel, the birthplace of Dr. Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date.
About Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas Sands is the world's pre-eminent developer and operator of world-class Integrated Resorts. We deliver unrivaled economic benefits to the communities in which we operate.
LVS created the meetings, incentives, convention and exhibition (MICE)-based Integrated Resort. Our industry-leading Integrated Resorts provide substantial contributions to our host communities including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses.
Our properties include The Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., we have developed the largest portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao, Sands Cotai Central and The Parisian Macao, as well as the Sands Macao on the Macao Peninsula.
LVS is dedicated to being a good corporate citizen, anchored by the core tenets of serving people, planet and communities. We deliver a great working environment for 50,000 team members worldwide and drive social impact through the Sands Cares charitable giving.
Contacts:
Investment Community:
Daniel Briggs
(702) 414-1221
Media:
Ron Reese
(702) 414-3607
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he is a mega donor to gop
song song... go mbs lose money to support dotard nao!
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Sheldon Adelson, billionaire Trump backer and Las Vegas Sands CEO, dead at 87
www.foxbusiness.com
Sheldon Adelson, the founder, chairman and chief executive officer of Las Vegas Sands Corp., has died following a battle with cancer. He was 87.
Adelson was diagnosed with non-Hodgkin’s lymphoma in 2019 and recently stepped away from the company to resume his treatment, the company said on Jan. 7.
"Mr. Adelson was the first employee of Las Vegas Sands – "Team Member Number One" he liked to say. 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," according to a statement from Las Vegas Sands.
Adelson has been a longtime donor to the Republican Party, giving more than $430 million to conservatives during the 2020 campaign. He was an early and longtime supporter of President Trump during his initial run for the White House.
"Laura and I mourn the passing of a friend," former President George W. Bush said in a statement. "He was an American patriot and a strong supporter of Israel. Sheldon was a generous benefactor of charitable causes, especially medical research and Jewish heritage education. He will be missed by many - none more than his beloved family."
Adelson, who is survived by his wife Dr. Miriam Adelson and five children, had a net worth of $35.6 billion as of Jan. 11, according to Forbes.
A funeral will be held in Israel, the birthplace of Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date, according to the company.
He entered the casino business in 1989 when he purchased the Sands Hotel and Casino in Las Vegas for $128 million and is credited with helping transform Las Vegas into the top U.S. destination for conventions and exhibitions.
Adelson in 2007 opened Venetian Macao on the Cotai Strip, helping recreate the Las Vegas Strip in the autonomous region of the People’s Republic of China. Three years later, he opened the $6 billion Marina Bay Sands resort in Singapore.
www.foxbusiness.com
Sheldon Adelson, the founder, chairman and chief executive officer of Las Vegas Sands Corp., has died following a battle with cancer. He was 87.
Adelson was diagnosed with non-Hodgkin’s lymphoma in 2019 and recently stepped away from the company to resume his treatment, the company said on Jan. 7.
"Mr. Adelson was the first employee of Las Vegas Sands – "Team Member Number One" he liked to say. 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," according to a statement from Las Vegas Sands.
Adelson has been a longtime donor to the Republican Party, giving more than $430 million to conservatives during the 2020 campaign. He was an early and longtime supporter of President Trump during his initial run for the White House.
"Laura and I mourn the passing of a friend," former President George W. Bush said in a statement. "He was an American patriot and a strong supporter of Israel. Sheldon was a generous benefactor of charitable causes, especially medical research and Jewish heritage education. He will be missed by many - none more than his beloved family."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| LVS | LAS VEGAS SANDS CORP | 56.41 | -1.51 | -2.61% |
Adelson, who is survived by his wife Dr. Miriam Adelson and five children, had a net worth of $35.6 billion as of Jan. 11, according to Forbes.
A funeral will be held in Israel, the birthplace of Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date, according to the company.
He entered the casino business in 1989 when he purchased the Sands Hotel and Casino in Las Vegas for $128 million and is credited with helping transform Las Vegas into the top U.S. destination for conventions and exhibitions.
Adelson in 2007 opened Venetian Macao on the Cotai Strip, helping recreate the Las Vegas Strip in the autonomous region of the People’s Republic of China. Three years later, he opened the $6 billion Marina Bay Sands resort in Singapore.
he also dont like dotard, pull out his support
Trump antagonizes GOP megadonor Adelson in heated phone call
Trump chided the Las Vegas mogul — a financial linchpin of his reelection effort — for not spending more. And now, he might not.
Sheldon Adelson, the CEO of the Las Vegas Sands Corporation, has donated tens of millions of dollars to pro-Trump efforts. | John Locher/AP Photo
By ALEX ISENSTADT
08/08/2020 06:44 AM EDT
When President Donald Trump connected by phone last week with Republican megadonor Sheldon Adelson — perhaps the only person in the party who can cut a nine-figure check to aid his reelection — the phone call unexpectedly turned contentious.
The 87-year-old casino mogul had reached out to Trump to talk about the coronavirus relief bill and the economy. But then Trump brought the conversation around to the campaign and confronted Adelson about why he wasn’t doing more to bolster his reelection, according to three people with direct knowledge of the call. One of the people said it was apparent the president had no idea how much Adelson, who’s donated tens of millions of dollars to pro-Trump efforts over the years, had helped him. Adelson chose not to come back at Trump.
When word of the call circulated afterward, Republican Party officials grew alarmed the president had antagonized one of his biggest benefactors at a precarious moment in his campaign. They rushed to smooth things over with him, but the damage may have been done.
Adelson's allies say it’s unclear whether the episode will dissuade the Las Vegas mogul — long regarded as a financial linchpin for Trump’s reelection — from helping the president down the home stretch.
A White House spokesman declined to comment.
The president needs the money. With less than three months until the election, he is overwhelmed by a flood of liberal super PAC spending that his party has failed to match. Since this spring, outside groups supporting Joe Biden have outspent their pro-Trump counterparts nearly 3-to-1, an influx that’s helped to erase the president’s longstanding financial advantage.
Now, Republican leaders are pleading to billionaires for help. Trump advisers are pining for new outside groups to form, and the White House is growing anxious to see what Adelson, who has pumped hundreds of millions of dollars into Republican super PACs over the past decade, will do.
“It’s important that the word get out to donors that we need the super PACs and we need them to step up to the plate,” said Club for Growth President David McIntosh, whose group is poised to launch a $5 million TV campaign next week. “There hasn’t been the urgency on the super PAC side. But now we’re seeing that you’ve got to take care of that, too.”
The avalanche of spending on the left isn’t expected to end anytime soon. Pro-Biden groups have reserved over $70 million on the TV airwaves between now and the election, while Trump-allied groups have booked just $42 million, according to the media tracking firm Advertising Analytics.
Trump speaks with Adelson at the Israeli American Council National Summit in 2019.
The Trump-blessed America First Action has been outraised and outspent by the leading pro-Biden Super PAC Priorities USA, which has been running an array of blistering commercials hitting Trump over his response to the coronavirus pandemic.
Republicans point to an array of reasons for America First's struggles. Some of the president’s aides point out that, much to their frustration, he has shown less interest in super PAC fundraising than Barack Obama did ahead of his successful 2012 reelection. He’s also shown a reluctance to do the kind of glad-handing, cold-calling, and grooming of billionaires needed to cultivate a well-funded super PAC.
Others say big Republican givers are holding back checks because of the potential business fallout of being a major Trump contributor. After word surfaced that fitness company executive Stephen Ross was hosting a Hamptons fundraiser for Trump, patrons at his Equinox and SoulCycle chains staged a boycott.
With Trump trailing badly, some donors are more interested in bankrolling efforts to save the GOP’s Senate majority. Among the contributors who’ve cut checks to the super PAC for Senate Republicans but not Trump’s are hedge fund manager Paul Singer, investor Charles Schwab, and real estate developer Mel Sembler.
Others say there is simply exhaustion with Trump and disgust at his handling of the coronavirus pandemic.
Dan Eberhart, a Republican donor who has contributed to America First Action, pointed to what he described as an “enthusiasm gap among super PAC donors.”
“We are getting clobbered,” he said. “The left-leaning super PACs are bringing a lot more air support to team Biden than the ones on the right are bringing to team Trump, unfortunately.”
The president’s advisers blame America First for its struggles. They point to its decision to wait until spring to take on Biden and to its $4 million investment on a TV commercial that spotlighted Vice President Mike Pence but made no mention of Trump. The move infuriated the president’s advisers; on the morning the commercial was launched, a Trump adviser reached out to a POLITICO reporter unprompted to blast the move.
America First Action President Brian Walsh said the organization’s nonprofit arm had chosen to feature Pence to highlight remarks he had made at an event it had hosted focused on the economic recovery.
“No other outside group has raised or spent more to help reelect Donald Trump. No other outside group has stood with our president since day one. Period,” Walsh said. “We have been on the air, online and in mailboxes since April and continue to be so today.”
While America First Action has the White House’s imprimatur, ongoing concerns about the group have triggered conversations about whether an alternative super PAC should form. While Adelson is unlikely to donate to America First Action, allies say, he is open to funding another pro-Trump outfit.
But some Republicans say that having multiple super PACs could cause confusion among donors about which outfit to support.
Christopher Ekstrom, a Dallas investor who backed Ted Cruz’s 2016 primary campaign, recalled that the Texas senator had an array of super PACs. Some potential givers, he recalled, wound up not giving to any of them.
“Team Trump was wise to centralize their super PAC after his victory and prevent their super PAC from being Balkanized,” said Ekstrom, who has given over $20,000 to pro-Trump causes this election cycle.
Word of Trump's call with Adelson was first reported by the New York Times.
Republicans are confronting an array of liberal groups, ranging from Priorities USA to American Bridge to Future Forward, all of which have booked millions of dollars in TV spending. Even as Biden has struggled to keep pace with Trump on the fundraising front, there are concerns in Republican circles that the liberal organizations could do damage to the president.
Republican strategist Ken Spain noted that "neither candidate will lose because of lack of resources at this point," but added: "The Democratic donor class has coalesced and built a rival apparatus to that of the Trump campaign and its allies."
With both sides flush with cash, there will be no shortage of TV commercials from either side. Alex Castellanos, a veteran Republican ad maker who helped to steer a pro-Trump super PAC in 2016, said voters would be more focused on the individual performances of Trump and Biden.
"The most powerful media driver in a presidential [campaign] is the candidate. The candidate makes news and drives the agenda. That’s the good news for Donald Trump," Castellanos said. "Sometimes, that’s the bad news for Trump, too."
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- ‘It’s all fallen apart’: Newsom scrambles to save California — and his career
- Trump’s New Criminal Problem
- House to vote Wednesday as Pelosi gets the votes to impeach Trump
- Treasury Department announces sanctions tied to Giuliani’s Biden attacks
- Yes, It Was a Coup. Here’s Why.
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Good riddance. Burn in hell you asshole.
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