Tag: Sheldon Adelson

Las Vegas properties like the Venetian are still struggling during the pandemic, while Asian casinos are bouncing back. (Image: Venetian.com)

The Venetian’s New Owner Has a History of Bankrupting Casinos

Two months after Sheldon Adelson’s death, his signature Las Vegas casino has been sold. One of the Venetian’s new owners, Apollo Global Management, is responsible for the largest bankruptcy filing in casino industry history. Unlucky? The Las Vegas Sands had been looking to sell its Strip properties since October. The […]

in 2015, Sheldon Adelson bought the Las Vegas Review Journal, the largest daily paper in Nevada. (Image: Ethan Miller/Getty)

Renowned Casino Mogul Sheldon Adelson Died Within Days of Leave

Las Vegas Sands founder Sheldon Adelson died on Jan. 11 at age 87. He died within days of taking a leave of absence as the company’s CEO to restart cancer treatments. Adelson successfully built a casino empire and amassed billions, but his political and online gaming legacy may prove as […]

Can Brick-and-Mortar-Heavy Las Vegas Sands Pivot Online Fast Enough?

Can Brick-and-Mortar-Heavy Las Vegas Sands Pivot Online Fast Enough?

In an industry-defining about-face, the Las Vegas Sands Corporation is likely to open online gambling operations this year, despite previous resistance from the company’s chairman Sheldon Adelson. But does the Sands have enough in reserve to reverse its decades-long, anti-online stance and spin up a viable online product? Adelson Created […]