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This Week in Gambling: A farewell to Sheldon Adelson

21 January 2021

We say goodbye to long time online gambling opponent Sheldon Adelson, as he passed away last week at the age of 87. We also have New Jersey and Ohio sports betting news, as well as Ohio and Michigan online gambling news.

Sheldon Adelson died late Monday following complications related to his cancer treatment, his company said. He was 87. Adelson was the chairman and CEO of Las Vegas Sands and a major donor to Republican politicians. He took a leave of absence from Sands Corporation last week to resume treatment for non-Hodgkin's lymphoma, which his aides first disclosed in late February 2019.

Sheldon Adelson rose from a hardscrabble childhood in Boston to become one of the world's richest men as founder and CEO of Las Vegas Sands Corp. (LVS) He was Sands' first employee, which has since grown to 50,000 employees. "His impact on the industry will be everlasting," the company said. Sands' shares opened slightly higher Tuesday. Adelson's funeral will be held in Israel, the birthplace of his wife, Dr. Miriam Adelson. Plans for a memorial in Las Vegas, where he ran the Venetian and Palazzo casinos, will be held at a later date.

Adelson was born 4 August 1933, in Boston. His father, an immigrant from Lithuania, drove a cab, and his mother, whose family came from Wales, ran a small knitting service. He and his siblings slept on the floor of the family's tenement apartment. Adelson often touted his rags-to-riches story and his determination to claw his way out of poverty.



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This Week in Gambling: A farewell to Sheldon Adelson is republished from Online.CasinoCity.com.