January 10, 2012 |
Sheldon and Miriam Adelson wrote a personal check to Newt Gingrich's super PAC for $5 million late last Friday afternoon, and could send more -- though there are no promises. That's the description offered by a person close to the billionaire couple who is familiar with their thinking and the couple's long-standing relationship with Gingrich. The money is being spent in part to fuel a massive advertising campaign in South Carolina attacking Mitt Romney, who had attacked Gingrich aggressively in Iowa.
June 7, 2012 |
Surrounded by dozens of supporters at an evening campaign rally in Madison on May 30, Milwaukee Mayor Tom Barrett, the Democratic candidate for governor in Wisconsin's tumultuous recall election, had something encouraging to tell the crowd: The fact that his opponent, Republican Gov. Scott Walker, was outspending him by more than 7 to 1 was no big deal. “He's got the mountains of money,” Barrett declared. “I've got you.” Now, Barrett probably wishes he'd had the mountains of money.
December 21, 2009 |
Has a state's psyche ever rested so completely on a single resort complex? In recession-ravaged Las Vegas, the flashy opening last week of Aria -- the hotel-casino centerpiece of CityCenter -- was regarded as either a sign of the Strip's economic rebound or another symptom of its ailments. Most Nevadans are praying for the rebound. The punditocracy cast the unveiling of Aria -- a 4,004-room, Cesar Pelli-designed hotel with a Maya Lin sculpture above the front desk -- in terms more suitable to heroism.
June 16, 2008 |
Billionaire Sheldon Adelson landed Chinese government support in his quest for a lucrative gaming franchise in Macao in 2001 after relaying assurances from a Republican Party boss that a congressional measure opposing Beijing's bid for the 2008 Olympics would "never see the light of day," according to court testimony in a civil suit here. The intelligence came out of a phone call between Adelson and then-U.S. Rep. and Majority Whip Tom DeLay (R-Texas).
June 17, 2005 |
On one corner of the Las Vegas Strip, Steve Wynn runs his signature $2.7-billion mega-resort and busily plans another. Across the street, Sheldon Adelson is building the Palazzo hotel-casino next to his successful Venetian. Soon to be shimmering near both properties are Donald Trump's gold-glass hotel-condo towers, and Phil Ruffin has ambitious plans for the aging New Frontier casino. Four billionaire-sized egos, a slew of big-budget projects and all within stone's throw of one another.
June 22, 2012 |
ALCORCON, Spain - On a dusty plateau dotted with half-built condos, unemployed Spaniards hope a proposed development will amount to more than a mirage in the desert: a glittering gambling city to rival Las Vegas, and the quarter-million jobs it's expected to bring. American billionaire Sheldon Adelson, owner ofLas Vegas Sands Corp., wants to build a casino complex dubbed EuroVegas, complete with 36,000 hotel rooms, 18,000 slot machines and three golf courses, and this Madrid suburb is vying for the jackpot.
December 14, 2004 |
When billionaire Sheldon Adelson sold his successful Comdex computer show and decided to build a lavish hotel-casino with thousands of rooms, gambling executives ridiculed his business model. They said Adelson's plan for the Venetian to cater to business travelers and profit from hotel rooms and conventions wouldn't work on the Las Vegas Strip, where everyone knew casinos were the true moneymakers.
January 24, 2007 |
Macao's gaming revenue surged 22% in 2006, surpassing the Las Vegas Strip as the world's biggest casino market. The Chinese city's gambling industry reaped $6.95 billion in revenue, according to the website of the industry regulator. Analysts estimate that the Las Vegas Strip took in $6.5 billion to $6.6 billion last year. Macao's gambling revenue started to surge in 2004, when Sheldon Adelson's Las Vegas Sands Corp. and Galaxy Casino ended the four-decade monopoly of billionaire Stanley Ho.
November 12, 2008 |
Las Vegas Sands Corp. has priced a public offering of 181.8 million common shares at $5.50 each in a move to raise $1 billion. It also is selling preferred stock and warrants to the family of Chief Executive Sheldon Adelson, as the troubled casino operator struggles to avoid defaulting on $5.2 billion worth of debt. In addition, the Las Vegas company is selling nearly 5.2 million preferred shares and warrants to buy 86.6 million common shares at $6 each. A unit of one preferred share and one warrant to purchase about 16.7 common shares is priced at $100 each.
February 6, 2007 |
Las Vegas Sands Corp., the casino company run by billionaire Sheldon Adelson, said Monday that its fourth-quarter profit climbed 3.3% from a year earlier on increased revenue in Macao and Las Vegas. However, its share price fell after the company acknowledged much of the benefit came because it was more lucky than normal at table games for high rollers at the Venetian hotel-casino in Las Vegas. The company earned $113.6 million, or 32 cents a share, for the three months ended Dec.