Sheldon Adelson, the owner of the Las Vegas Sands casino empire, was dealt a losing hand in the November election. The Republican donated at least $53 million to super PACs backing Mitt Romney and a slew of defeated congressional candidates. But his casinos continue to win: shares are up more than 20% since the summer, despite an ongoing Federal investigation alleging LVS violated the corruption laws in its dealings in Macau. This March Adelson's LVS stated in its annual report that indeed it had likely violated federal anti-bribery laws in its dealings there. The company had previously denied any wrong doing. Adelson sold his computer convention, Comdex, to Softbank for $862 million in 1995. He built $1.5 billion the Venetian Resort in 1997 and the $1.9 billion Palazzo resort in 2008. Last spring he opened his third mega casino in Macao. Future targets: Japan and Europe. [...] more
You would think the chairman of the world’s largest gaming company would pursue any aspect of gaming which could increase profits, right? Ordinarily that is true—but online gambling is ‘fool’s gold.’ [...] more>>
Steven Bertoni,Forbes Staff
Steve Wynn's eponymous casino and hotel management company beat profit estimates and saw growth in both the Las Vegas and Macau markets. [...] more>>
Agustino Fontevecchia,Forbes Staff
legislation? That's the question currently facing Spain's government, as it considers meeting American casino mogul Sheldon Adelson’s condition to invest billions in a proposed massive casino complex, dubbed "EuroVegas," in the outskirts of Madrid. In line [...] more>>
What’s interesting about the op-ed that appeared in Forbes last month about how Internet gambling is “a societal train wreck waiting to happen” is not the argument — it’s common anti-gambling fare — but the author: Sheldon Adelson, the chairman and the C [...] more>>
in 1999 when China assumed sovereignty of Macau and opened it to outside gambling operators. "It was a swamp," said Sheldon Adelson, CEO of Las Vegas Sands, as he looked back on his early venture in an obscure city where Chinese officials envisioned conventions [...] more>>
once operated openly in this town half the size of Manhattan have at least receded from public eye."It was a swamp," said Sheldon Adelson, CEO of Las Vegas Sands, as he looked back on his early, risky venture in the forgotten colonial outpost."They wanted [...] more>>
scene in 1999 when China assumed sovereignty of Macau and opened it to outside gambling operators. "It was a swamp," said Sheldon Adelson, CEO of Las Vegas Sands (LVS), as he looked back on his early venture in an obscure city where Chinese officials envisioned [...] more>>
LAS VEGAS (AP) - Most people still think the U.S. gambling industry is anchored in Las Vegas, with its booming Strip and 24/7 action, a place where years of alluring marketing campaigns have helped scrub away the taint of past corruption. In just a decade, [...] more>>
| Salary | $1,000,000 |
| Restricted stock awards | $1,825,000 |
| All other compensation | $2,890,595 |
| Option awards | $1,825,000 |
| Non-equity incentive plan compensation | $6,304,461 |
| Total Compensation | $13,845,056 |
| Number of securities underlying options exercisable | 91,800 |
| Number of shares owned | 61,140,431 |
