Stars and Stripes stripes.com 12 Jan, 2021 15:45 am

Sheldon Adelson, casino operator and wealthy GOP backer, dies at 87

Sheldon Adelson, casino operator and wealthy GOP backer, dies at 87
Sheldon Adelson, who built the largest casino company in the world and used his wealth to support Republican candidates and groups, has died. He was 87.

Adelson died Monday night from complications related to non-Hodgkin's lymphoma, Las Vegas Sands Corp.He plowed the profits into casinos, first in Las Vegas and then in Asia where he helped turn the former Portuguese colony of Macao into the world's biggest gambling market.Adelson's wealth was derived mostly from his majority stake in Las Vegas Sands, which he founded.7 billion in 2019, operates a convention center and casinos in Las Vegas along with gambling resorts in Macao and Singapore.

The company confirmed in 2020 that Adelson was considering selling his Las Vegas properties if the price he could get for them was high enough.In 1989, Adelson and his partners bought the former Rat Pack hangout, the Sands Hotel and Casino in Las Vegas, with an eye toward building a convention center to host Comdex.

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