• By The Financial District

CASINO MAGNATE, TRUMP DONOR SHELDON ADELSON DIES AT 87

Sheldon Adelson, the casino magnate and billionaire donor to right-wing political causes in America and Israel and major financier of Donald Trump, has died at 87, the New York Times reported.

Adelson built the world’s largest empire of casinos and resort hotels in Las Vegas, Macau, Singapore and other gambling meccas and used his vast wealth to promote political agendas.


He died of complications from treatment for non-Hodgkin’s lymphoma, the Las Vegas Sands said in a statement early on January 13, 2021.


He took a leave of absence from Sands last week to resume treatment for his cancer, which his aides first disclosed in late February 2019.


He rose from a hardscrabble childhood in Boston to become one of the world's richest men as founder and CEO of Las Vegas Sands Corp. (LVS).


He was Sands' first employee, which has since grown to 50,000 employees, Jordan Valinskly and Fredreka Schouten wrote for CNN Business.


"His impact on the industry will be everlasting," the company said. Sands' shares opened slightly higher Tuesday.


Adelson's funeral will be held in Israel, the birthplace of his wife, Dr. Miriam Adelson. Plans for a memorial in Las Vegas, where he ran the Venetian and Palazzo casinos, will be held at a later date.


Adelson spent his fortune -- pegged at $35 billion by Forbes -- to become an influential behind-the-scenes-player in Washington, working to shape US policy toward Israel, help guide Republican Party strategy and lobby against threats posed to his business interests.


He donated hundreds of millions of dollars to medical research and Jewish causes. He owned Israel's largest daily newspaper by circulation; donated to Yad Vashem, the Holocaust remembrance center in Jerusalem; and helped underwrite Birthright Israel, which pays for educational trips to Israel for young Jewish adults.



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