Sheldon Adelson, Founder, President and CEO of Casino Empire Sands of Las Vegas, takes medical leave to resume cancer treatment.
87 year old man Adelson was first treated for non-Hodgkin lymphoma in March 2019, but recently underwent another round of treatments, Las Vegas Sands announced Thursday. He will be taking time off, but it is not known for how long.
Robert Goldstein, President and COO of Las Vegas Sands, is now Interim President and CEO.
Adelson, who is the majority owner of Las Vegas Sands and is worth $ 35.7 billion, is far from sleeping on the floor of a Boston apartment building. He started out selling newspapers, but made his first fortune by setting up and selling Comdex tech conference to Softbank for $ 862 million in 1995. Today he’s the 37e– richest person in the world.
The casino mogul is a well-known supporter outgoing President Donald Trump and Republican mega-donor. Adelson and his wife Miriam spent at least $ 180 million– a record sum – to support President Trump and the GOP ahead of this year’s election.
But Adelson’s support for Trump appears to have his limits. the Las Vegas Review, owned by Adelson, published a editorial in mid-November, about a week after Trump lost the presidential election, calling on Trump to stop delaying “the inevitable” and stop spreading false allegations of rigged elections. The editorial puts it bluntly: “. . . Mr. Trump lost this election because he ultimately failed to garner enough votes and failed to win a handful of swing states that broke his way in 2016. ”
After pro-Trump supporters stormed the United States Capitol Wednesday in an unsuccessful attempt to stop President-elect Joe Biden’s certification of victory, the JournalThe words of seem to be a warning:
“But the president is doing his most rabid supporters a disservice by insisting that he would have won the November 3 election without electoral fraud. This is simply not true, ”the editorial read. “There is no evidence, however, that the fraud cost Mr. Trump the election, no matter how much the president tweets to the contrary and his supporters wish it.”
Las Vegas Sands shares are down 1.25% since Wednesday.