September 27, 2022

ACN News

Area Control Network News | Breaking News

Sheldon Adelson, casino mogul and GOP kingmaker, dies

Sheldon Adelson, the chairman and CEO of Las Vegas Sands and a major donor to Republican politicians, died following complications related to his cancer treatment, his company said. He was 87.
Adelson took a leave of absence from Sands last week to resume treatment for non-Hodgkin’s lymphoma, 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.
"His impact on the industry will be everlasting," the company said. Sands’ shares opened slightly higher.
Adelson was born August 4, 1933, in Boston. His father, an immigrant from Lithuania, drove a cab, and his mother, whose family came from Wales, ran a small knitting service. He and his siblings slept on the floor of the family’s tenement apartment.
Adelson often touted his rags-to-riches story and his determination to claw his way out of poverty.
At age 12, he was selling newspapers on street corners in Boston. By 16, he had invested in candy machines. After a stint in the Army, he continued to run businesses, selling condominiums, working as a mortgage broker, taking a turn as a venture capitalist.
"Despite being the grandson of a Welsh coal miner and the son of a Boston cab driver, I’ve had the remarkable experience of being part of almost 50 different businesses in my more than 70-year business career," he wrote in the Washington Post piece touting Trump.
His big break came in the late 1970s, when he launched a computer trade show known as Comdex. He sold it in 1995 for nearly $900 million, parlaying that convention business into a casino empire that comprises the properties in Asia, and the upscale Venetian and Palazzo resorts in Las Vegas. His venture became the world’s largest casino company.
His properties ranged from the opulent Venetian casino resort in Las Vegas, where visitors can ride in gondolas, to a string of lucrative casinos in the Chinese gambling enclave of Macao.
In October 2020, the company told multiple outlets that it was in "very early discussions" about a possible sale of its Las Vegas properties. He sold Sands Bethlehem in Pennsylvania in 2019.
In person, Adelson was instantly recognizable for his thinning patch of bright red hair and the electric scooter he rode everywhere. He suffered from peripheral neuropathy, a condition that made walking difficult.
Calling his achievements in the hospitality industry "well-documented," the company said that Adelson’s vision "transformed the industry, changed the trajectory of the company he founded, and reimagined tourism" in Las Vegas, Macao and Singapore.

#CNN #News

Source: CNN

Hits: 0

RSS Domain names for sale

World News

A gunman with a swastika on his teeshirt killed 15 people, including 11 children, and wounded more than 20 at a school in Russia before...

In a historical moment, NASA successfully led the world’s first mission in planetary defence, inviting the public to watch as one of its spacecraft attempts...

After more than two years of being in place, Canada’s COVID-19 border rules are coming to an end, the federal government announced Monday. While this...

The Raptors were back in Toronto on Monday after a summer filled with workouts, including those with new development coach Rico Hines. “Summer was amazing,”...

WARNING: Video contains disturbing subject matter. Viewer discretion is advised. A man has been charged with multiple counts of murder and arson in connection with...

Members of parliament are expected to hold an emergency debate Monday evening on the devastation in Atlantic provinces amid storm Fiona at the request of...

Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok:...

As students are getting into the swing of things this fall, high-schooler Solyana Mesfin has a very unusual role. She's sitting on Kentucky's board of...

NASA is trying an experiment to answer a question that’s straight out of science fiction. What could we do if a large object was hurtling...

Military News

Airmen are training on Virtual Reality with impressive results, reflecting renewed emphasis Air Force wide on improvement through cutting edge technology. Source: AirForceTV

Today is the anniversary of the MP Corps! Click on your seatbeat as Pfc. Brady Wix, with the 16th Military Police Brigade, walks you through...

Drill Sgt. Moore explains how to be a "GO" in #BasicCombatTraining with the hand grenade. About the U.S. Army: The Army Mission – our purpose...

Today, the Marine Corps honors the mothers, fathers, and families who have lost their loved ones while serving our country. The sacrifices of Gold Star...

Unrivaled After Update: F-35 Fighter Jet is Now More Advanced Than You Think F-35 modernization improves pilots' battlespace awareness with an enhanced panoramic cockpit display...

Video footage released by the Ukrainian Ministry of Defense shows a Russian Su-30 on fire after being hit by a Ukrainian MANPADS. It is claimed...

It's that time of year again! - #GOARMY! 📹: @armywp_football on IG About the U.S. Army: The Army Mission – our purpose – remains constant:...

Airman and Family Readiness Centers are a key resource that help ensure the total force is resilient and mission ready. Source: AirForceTV

In this week's look around the Air Force, Secretary of the Air Force Frank Kendall focuses on personnel issues, Airmen bring aid to flood victims...

All rights reserved. © 2021 ACN NEWS
This website is part of the Area Control Network (ACN).
You must agree to the following to use this ACN websites
ACN Privacy Policies
ACN TOU
ACN © 2022 - to date. All rights reserved.