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LAS VEGAS: Sheldon Adelson, the billionaire mogul and power broker who built a casino empire that stretched from Las Vegas to China and became a singular force in national and international politics, has died after a long illness, said his wife on Tuesday (January 12).
Miriam Adelson and the Las Vegas Sands Corporation issued statements confirming Adelson’s death. He was 87 years old.
“Our founder and visionary leader, Sheldon G Adelson, passed away last night at the age of 87 from complications related to the treatment of non-Hodgkin lymphoma,” Las Vegas Sands said in a statement.
“In Las Vegas, Macau and Singapore, Adelson’s vision for integrated resorts transformed the industry, changed the trajectory of the company that founded and reinvented tourism in each of those markets,” he added.
The president and CEO of the Las Vegas Sands Corporation brought singing gondoliers to the Las Vegas Strip and correctly foresaw that Asia would be an even bigger market.
With a net worth of US $ 33.9 billion as of March 2019, Adelson ranked as the 24th richest person in the world on the Bloomberg Billionaires Index.
“If you do things differently, success will follow like a shadow,” he said during a 2014 talk to the gaming industry in Las Vegas.
Adelson, a combative self-made man raised in a poor Jewish immigrant family in Boston, established hotels and casinos in Las Vegas, Macau, and Singapore. His wealth made him a formidable figure in American politics, as he financed Republicans, including businessman-turned-President Donald Trump, and fought Democrats. He was also a prominent supporter of Israel.
“He was an American patriot, a generous benefactor of charitable causes and a staunch supporter of Israel,” former President George W. Bush said in a statement.
The Adelsons were prolific supporters of Trump’s presidential bid in 2016, spending $ 20 million on the campaign and then $ 5 million more for his inauguration. The casino mogul was in regular contact with Trump after he took office and saw some of his cherished Israel-related goals come to fruition, including moving the U.S. embassy to Jerusalem in a break with decades of American politics. . Adelson attended the inauguration ceremony of the embassy in May 2018.
His empire in the United States, Macau, and Singapore was exemplified by the Venetian resort’s casino in Las Vegas, which featured replicas of landmarks from Venice, Italy, such as canals, the Rialto Bridge, and the bell tower of St. Mark’s Basilica. It filled its gaming centers with trendy restaurants and shops, making them luxury destinations for business travelers and tourists alike.
Las Vegas Sands Corporation owns the Marina Bay Sands hotel in Singapore.
