Tag: sheldon adelson

Spending Race Heats up over Online Casinos
casino blog
06 August 2014

Sheldon Adelson, the billionaire CEO of Las Vegas Sands, has returned to the trenches in his fight against online gambling.  He has boosted his spending to record levels, paying $290,000 during the second quarter of this year just in opposition to online gambling.  One of the key bills he's supporting, the Restoration of America's Wire Act (RAWA), would reverse the progress of state-regulated online gambling. 

Specifically, it would force the states with existing online gambling—Nevada, New Jersey, and Delaware—to get permission from Congress in order to continue their operations.  The RAWA would exempt in-person lottery sales, betting on horse racing, and fantasy sports. Late last year Adelson founded the Coalition to Stop Internet Gambling.  The group has hired several high-paid lobbyists and has been successful in convincing many politicians to join their cause, including ones that previously supported online gambling regulation.

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A Brief Bio on Sheldon Adelson
casino blog
15 June 2008

A Brief Bio on Sheldon Adelson

Born August 1, 1933, Sheldon Gary Adelson is an American billionaire businessman and property developer. As the third richest person in the United States, Adelson's net worth of 26-billion dollars has earned this CEO the respect and admiration of millions who wish to follow in his footsteps.

Adelson is Chairman and Chief Executive Officer of the Las Vegas Sands Corp., which is the parent company of Venetian Macao Limited, which also operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. Adelson's biggest increase in wealth came when he sold 10% of his casino shares to the public.

Adelson has recently bore the brunt of rumor and scandal. He has come under fire for his involvement with right-wing lobbying groups. The allegations suggest that Adelson has financed several unsuccessful Republican congressional candidates and has attempted to raise as much as $250 million to attack Senator Barack Obama's presidential campaign.

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The World's Largest Casino: The Venetian in Macao
casino blog
08 June 2008

The World's Largest Casino: The Venetian in Macao

Out of the thousands of casinos in the world, many often wonder which is the largest. Though America boasts some big casinos in places like Las Vegas and Connecticut, it's China that tops the list with their monstrous casino, The Venetian.

The Venetian Macao is a casino resort in Macau, China, and is owned by the Las Vegas Sands hotel-casino chain. This 40-story building is set to be the anchor for the 7 resort hotels which are currently under construction on the Cotai Strip in Macau. Modeled after its sister casino in Las Vegas, the Venetian Macao is an astonishing 10,500,000-square-feet, and is the largest single structure building in all of Asia, and third largest in the entire world.

The main hotel tower was finished in the summer of 2007 and the resort officially opened for business in August of the same year. With over 3,000 suites, the Venetian also has 3400 slot machines, 800 gambling tables, and a 15,000 seat arena for sports and entertainment events.

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