Las Vegas Sands chairman Sheldon Adelson will take a medical leave after recently resuming cancer treatments, the company announced in a ...
Las Vegas Sands chairman Sheldon Adelson will take a medical leave after recently resuming cancer treatments, the company announced in a statement on Thursday.
Adelson's leave of absence will be effective immediately, the company said. President and COO Robert G. Goldstein will take the post of acting CEO and chairman.
The casino billionaire, who is 87, first announced that he was being treated for non-Hodgkin's lymphoma back in 2019.
He is the 39th richest person in the world, with an estimated fortune of $34.1 billion as of Friday, according to Bloomberg's real-time billionaires index.
Las Vegas Sands chairman Sheldon Adelson will take a medical leave after recently resuming cancer treatments, the company announced in a statement on Thursday
Adelson's company owns the Venetian and Palazzo hotel and casinos on the Las Vegas Strip, along with properties in Singapore and Macao (above)
Adelson is the majority shareholder of the Las Vegas Sands, and one of the world's biggest casino moguls.
The company owns the Venetian and Palazzo hotel and casinos on the Las Vegas Strip, along with properties in Singapore and Macao.
Adelson is a Republican megadonor who recently gave $75 million to a super PAC that attacked President-elect Joe Biden in the lead-up to last November's election.
Adelson and his wife Miram, 75, set new records for political donations in the 2020 cycle, giving a total of $218 million to President Donald Trump's campaign and various Republican causes.
For the 2018 midterm elections, Adelson donated about $113 million to the Republican Party through various conservative political action committees.
Adelson and his wife Miram, 75, (together in 2019) set new records for political donations in the 2020 cycle, giving a total of $218 million to Republican causes
Adelson is a Republican megadonor who recently gave $75 million to a super PAC that attacked President-elect Joe Biden in the lead-up to last November's election
A five-day view of Las Vegas Sands shares shows the stock sliding on Thursday
He also owns the largest circulating newspaper in the Nevada, the Las Vegas Review-Journal.
Though Adelson is not the listed publisher of the Review-Journal, the rival Las Vegas Sun recently accused him of having 'operational control' of the paper in a court dispute over a joint-operating agreement.
Adelson recently made news for offering his private jet to Jonathan Pollard, who spent 30 years in U.S. prison for spying for Israel.
Pollard used Adelson's lavish private Boeing 737 to return to Israel last month, after finishing his sentence for selling classified U.S. secrets to the nation in the 1980s.
Las Vegas Sands shares were down 1.4 percent in afternoon trading on Friday, following news of Adelson's medical leave.
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