💰 Sheldon Adelson - Wikipedia

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Casino , originally, a public hall for music and dancing; by the second half of the 19th century, a collection of gaming or gambling rooms. By signing up, you agree to our Privacy Notice. See Article History. Email address. Las Vegas , city, seat of Clark county, southeastern Nevada, U. Adelson saw an opportunity for expansion in Macau, a tiny LVS obtained one of the first new gaming licenses to be issued after Macau passed from Portuguese to Chinese jurisdiction in The Sands Macao opened in May and was an immediate success, earning back its investment in less than a year. In the s Adelson and several partners in Massachusetts formed the entity that became known as the Interface Group. Article Media. After serving in the United States Army, Adelson started businesses in such varied fields as mortgage banking, charter tour operation, and hotel toiletries. Adelson demolished the Sands in and built in its place the towering Venetian Resort Hotel Casino later called the Las Vegas Venetian , which opened in A themed hotel-casino like many others in the city, the Venetian came complete with its own Grand Canal and gondoliers. Learn More in these related Britannica articles:. The main beneficiary of his largesse was the two-time prime minister Benjamin Netanyahu. The Venetian Macao, modeled on the Venetian Las Vegas, opened in , and several other casinos in the Macau region followed. The younger Adelson started out in business at age 12, selling newspapers. His father was a Lithuanian immigrant who drove a taxicab. Sign up here to see what happened On This Day , every day in your inbox!

Adelson was born into modest circumstances in Dorchester, a neighbourhood of Boston. He was said to have made and lost large sums several times. Macau is located on the southwestern corner of the Pearl Zhu River Chu Chiang estuary at the head of which is the port of Guangzhou [Canton] and stands opposite casinos owned by sheldon adelson Hong Kong….

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The Interface Group continued in existence as a holding company for some Adelson interests. Subscribe today. In he opened the Sands Expo and Convention Center, one of the largest privately owned convention centres in the United States, at a location near the hotel. Offering consistent support for Netanyahu and his conservative policies, Israel Hayom became the most widely circulated paper in the country. Info Print Cite. Thank you for your feedback. History at your fingertips. Submit Feedback. Get exclusive access to content from our First Edition with your subscription. Apart from strictly partisan politics, Adelson also spent heavily in support of the War on Drugs and in opposition to the legalization of online gambling.