LYCOS RETRIEVER 
Sheldon Adelson: Casinos
built 606 days ago
Adelson spearheaded a major project to bring the Sands name to the Macao SAR, China, the Chinese gambling city that had been a Portuguese colony until December 20, 1999. The one million-square-foot Sands Macau became the People's Republic of China's first Las Vegas-style casino when it opened in May 2004.
Source:
Adelson is planning to defy some of the traditions of Macau's casinos. For instance, he wants to install 3,000 slot machines in a locale that has never embraced the one-armed bandits. A risky venture--but it isn't necessarily Adelson who is taking the risk.
Source:
Adelson made his most recent fortune by turning conventions and trade shows into a huge, global enterprise. In the process, Las Vegas was transformed from a casino town with a seedy reputation into a family-friendly, business-respectable place such that industries that once refused to hold a convention in a casino city now flock there.
Source:
Adelson was already a member of the billionaires club when he took his company public late in 2004, boosting his net worth nearly $6 billion in a single day. He spent $265 million that year opening a Sands casino in Macao, a special administrative region of China, made his money back within 12 months, and opened the even ritzier Venetian Macao last summer. Another $3.5 billion casino venture is set to open in Singapore next year.
Source:
A long-time opponent of organized labor, Adelson has sparred with the Culinary Workers' Union in Las Vegas over efforts to unionize the Venetian. The Culinary Workers Union Local 226 has contracts with most of Adelson's competitors' casinos.
Source:
Like other Las Vegas operators, Adelson is closely watching Gov. Deval L. Patrick’s campaign to bring casinos to Massachusetts. The governor’s legislation would license three resort-style casinos, which he says would generate $400 million annually in tax revenue and 20,000 jobs.
Source:
MORE ABOUT
Casinos