BUSINESS

Sheldon Adelson Finally Kicks the Bucket

It's about time.
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Stefon Walters
January 12, 2021
Sheldon Adelson

Billionaire casino mogul Sheldon Adelson finally kicked the bucket at age 87. Known for his outsized donations to the Republican party, Adelson definitely had his wrinkly ass hands in the political game. He owned 53% of Las Vegas Sands Corp., which owns properties including:


  • The Venetian Las Vegas

  • Sands Expo & Convention Center

  • The Palazzo Las Vegas


Adelson believed that conventions and large-scale events were the keys to keeping the hotel rooms in Vegas occupied, not just gambling. This explains why he sought to create "integrated resorts," which included hella gaming, an abundance of overpriced, watered-down cocktails, and suites with cocaine residue on the desks.


He took Vegas from just a gambling hub to a place where every big company wanted to host conventions (I wonder why). The Vegas strip looks and operates like it does now, thanks largely to Adelson.


His company, Las Vegas Sands, is valued at $44.7B, with roughly 87% of revenue coming from Asia—a place Adelson invested billions in because he believed the demand for gambling there was bigger than the demand for Adderall during exam season.


Like most billionaires, Adelson was a piece of shit; something evident by his $75M donation to Trump's 2nd failed campaign. Good riddance.

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