Sheldon Adelson

Global Economy

Briefs

This week: Tesla disappoints with first results as a blue chip company and more.

Company in the news

Sheldon Adelson's casino empire passes to widow, with longtime lieutenant in charge

Robert Goldstein, 65, a Sands employee since 1995, stepped up as interim CEO last week
Sheldon Adelson, boss of Marina Bay Sands, dies at 87 - THE EDGE SINGAPORE

Obituary

Sheldon Adelson, boss of Marina Bay Sands, dies at 87

His net worth was about $33 billion, according to the Bloomberg Billionaires Index.
MBS hires law firm to probe US$1 bil in transfers - THE EDGE SINGAPORE

Company in the news

MBS hires law firm to probe US$1 bil in transfers

“MBS continues to work closely with its regulators to monitor MBS’s compliance with all legal obligations,” the casino said.

Singapore economy

MBS settles lawsuit by former patron with $9.1 mil payment

Marina Bay Sands Pte. also agreed to allow Wang Xi back into the casino as long as he abides by its policies, said the person, who asked not be identified because the matter is confidential.

Company in the news

Marina Bay Sands probed over money-laundering controls

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the US Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

Adelson says US$6 bil Marina Bay Sands investment a ‘warm-up’ to Japan’s casino race

SINGAPORE (Feb 22): Sheldon Adelson – one of the world’s richest men and notably among the biggest funders of Donald Trump’s US presidency campaign – has pledged to spend up to US$10 billion ($14.2 billion) on building a casino facility in Japan,
Macau casinos

Macau casinos face growing bad debts as VIP punters step back

MACAU (May 18): Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world's largest gambling hub at a time when high-roller VIP punters are backing off.
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