Adelson, Sheldon

    Company: Las Vegas Sands

    Family Name: Adelson

    Given Name: Sheldon

    Role: Chairman and CEO

    Profile: Arguably the most powerful individual in the gaming industry, Adelson is the founder, chairman, and CEO of Las Vegas Sands, largely credited with having developed the highly successful model of IR development based on MICE facilities. He is also a multi-billionaire who donates large sums of money to political campaigns in the United States and elsewhere.

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    Genting: Seeing the Forest for the Trees

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    Sands’ Sale of Pennsylvania Casino Partly Related to Japan IR Bid

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    Daisy Ho: Greater Bay Area Initiative Opportunity for Macau

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    Sands’ Goldstein: “Our Commitment to Japan is Immense”

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    Sheldon Adelson Battling Cancer

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    Sands China Sees Visitation and Gaming Growth in 2018

    Strong visitation and overall growth in the Macau gaming market led to Sands China posting a 17% increase in profit in 2018, reaching US$1.9 billion. Sheldon Adelson, chairman and CEO of Sands China, said the company experienced growth in every segment in Macau.

    Las Vegas Sands 2018Q4 Misses Expectations

    Las Vegas Sands reported weaker-than-expected results for the fourth quarter of 2018, causing its stock to tumble. Net revenue in 201818Q4 rose 2.5 percent, reaching US$3.48 billion, which fell short of Wall Street estimates.

    Adelson’s Hand Seen Behind Online Gambling Ban

    The US Justice Department’s unusual reversal of policy which may effectively ban online gambling follows millions of dollars in lobbying by Las Vegas Sands Chairman Sheldon Adelson.

    Non-Gaming Revenue Also Becoming More Vital in Atlantic City

    Atlantic City, New Jersey, is beginning to look to Las Vegas and the “non-gaming revenue model” as the key to its future, according to a recent article in the Press of Atlantic City. This development has implications for the future of Japanese IRs as well.

    Sands China Revenue Increases 13 Percent in 2018Q3

    Sands China, which operates The Venetian, Parisian and Sands Cotai Central IRs in Macau, posted 2018Q3 results that were in line with market expectations and expressed confidence in the long-term prospects for the gambling hub.

    IR Operator Selection and the US-Japan Alliance

    The selection of Ado Machida to front Hard Rock’s effort to win an IR license in Japan highlights a trend that was already clearly visible—some US operators are attempting to leverage in a not-too-subtle fashion the military and security links between Washington and Tokyo.

    ProPublica Article Throws Spotlight on Adelson-Trump-Abe Connection

    Although not a new story, a ProPublica article published this week about US President Donald Trump’s February 2017 advice to Prime Minister Shinzo Abe to select Las Vegas Sands for one of the Japanese casino licenses has ricocheted across both the international and Japanese-language news media, bringing the matter much more scrutiny than had previously been the case.

    The Trump IR Conspiracy Theory

    The evening tabloid Nikkan Gendai, a stalwart of train station kiosks with a daily circulation said to be in excess of 1.6 million, spelled out in a recent article the conspiracy theory regarding US President Donald Trump and the establishment of IRs in Japan that seems to have exercised a degree of influence over the national political debate.

    Shiokawa Blasts American Influence over IR Legislation

    Tetsuya Shiokawa, a seven-term House of Representatives lawmaker of the Japan Communist Party, has been arguing repeatedly that the Japanese government has changed the shape of the IR Implementation Bill to suit the preferences of powerful American businessmen—and he’s not pleased about it.
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