WASHINGTON: Billionaire casino magnate and Republican donor Sheldon Adelson has died, according to a statement released on Tuesday from the Las Vegas Sands company.Our founder and visionary leader,.
The death of Sheldon Adelson who died at age 87 on Monday, is another crippling blow to the Republican Party at a time when they need every friend they can get.
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HONG KONG (Reuters) - Sands China Ltd’s adjustment to life after the death of billionaire founder Sheldon Adelson, coming a year before the firm’s gaming licence expires, could open up opportunities for Chinese investors to acquire a stake, industry executives said.
FILE PHOTO: An exterior view of the Venetian Macao, part of Sands China Ltd s development in Macau, China, June 1, 2016. REUTERS/Bobby Yip
Without the larger-than-life visionary at the helm, the firm may be more willing to sell a stake to curry favour with China’s government, or suitors may take advantage of his absence to buy a degree of control without opposition, executives told Reuters.