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2006:
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A conversation with Sheldon Adelson, Chairman and CEO...
with Sheldon Adelson on Nov 16, 2006
- Duration
- 18 min
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Page 1 of 1
with Sheldon Adelson on Nov 16, 2006
Sheldon Gary Adelson
Sheldon Gary Adelson is an American businessman. He is a property developer and public company CEO based in Las Vegas, Nevada. He is Chairman and Chief Executive Officer of the Las Vegas Sands Corp., which owns and operates the Venetian Casino Resort and the Sands Expo and Convention Center. Adelson vastly increased his net worth upon the initial public offering of Las Vegas Sands (NYSE: LVS) in December 2004 by selling just 10% of the shares.
Adelson spearheaded a major project to bring the Sands name to the Macao SAR, China, the Chinese gambling city that had been a former Portuguese colony until December 20, 1999. The one million-square-foot Sands Macau became the People’s Republic of China’s first Las Vegas-style casino when it opened in May 2004.
In addition, on May 26, 2006, Adelson’s Las Vegas Sands was awarded a hotly contested license to construct a casino resort in Singapore’s Marina Bay. The new casino is expected to open in 2009 at a rumored cost of $3.16 billion.
Earlier in his career, Adelson together with his partners launched the well-known COMDEX computer trade show. COMDEX, based in Las Vegas, debuted in December 1979. In 1995, Japan-based Softbank Corp. purchased COMDEX for more than $860 million.
