US Billionaire casino magnate Sheldon Adelson has passed away in the United States on the evening of January 11 at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma, according to a statement from Las Vegas Sands, which highlights the company founder’s role as industry-changing entrepreneur.
The Chairman and Chief Executive Officer of Macau gaming operator Sands China took a medical leave of absence on January 7 from his positions in order to receive further treatment for lymphoma.
The tycoon revealed in March 2019 that he was being treated for non-hodgkin lymphoma, a cancer of the lymphatic system.
Las Vegas Sands’ statement highlights that Sheldon Adelson “was the very definition of a pioneer, entrepreneur and philanthropist. We will never forget his contributions to the development of Macau, which go back to his bold vision of creating the Cotai Strip”.
Adelson opened the game-changing Sands Macao casino in 2004, becoming the first foreign-owned gaming venue in the city following the liberalisation of the industry. Three years later he launched another landmark: Cotai’s first mega-resort Venetian Macao, including one of the largest convention and exhibition facilities in Asia.
Sands China went on to open Four Seasons, Plaza Macao, Sands Cotai Central and The Parisian Macao. Sheldon Adelson passes away just weeks before the expected opening of his company’s new project: The Londoner Macao, also in the Cotai Strip.
Forbes estimated his net worth as USD 35 billion as of Tuesday.
He was a major donor to Donald Trump, giving nearly $220 million to the president and his fellow Republicans in Congress during the 2020 election cycle.
In a statement, former US president George W. Bush, a Republican called Adelson an “American patriot, a generous benefactor of charitable causes, and a strong supporter of Israel.”
“Sheldon battled his way out of a tough Boston neighborhood to build a successful enterprise that loyally employed tens of thousands — and entertained millions,” Bush said.