Word: sheldon
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...deal to merge his MGM Mirage with Mandalay Resort Group to form the world's largest gaming company--until last week, when Harrah's Entertainment agreed to buy Caesars Entertainment in a $9.25 billion deal (including cash, stock and debt) that would create an even bigger company. Sheldon Adelson, the 70-year-old owner of the Venetian, is contemplating an IPO to score some cash to make a bigger bet on a new Strip hotel, the Palazzo, and other properties in the U.S. and overseas. In April, Steve Wynn, 62, the man who brought renewed glamour to Vegas...
...VEGAS SANDS Sheldon Adelson...
...city chock full of big-time gamblers, Sheldon Adelson, 70, stands out for his bold bets. "Either I'm the stupidest guy around or the biggest crapshooter in town," he said before opening his $1.5 billion Venetian mega-resort in 1999, complete with canals, gondola rides and its own convention center next door. Five years later, the Venetian is one of Sin City's most profitable hotels, and Adelson has led Vegas' transformation into a business destination...
...deal to merge his MGM Mirage with Mandalay Resort Group to form the world's largest gaming company - until two weeks ago, when Harrah's Entertainment agreed to buy Caesars Entertainment in a $9.25 billion deal (including cash, stock and debt) that would create an even bigger company. Sheldon Adelson, 70, the owner of the Venetian, is contemplating an ipo to score cash to make a bigger bet on a new Strip hotel, the Palazzo, and other properties in the U.S. and overseas. In April, Steve Wynn, 62, who brought renewed glamour to Vegas in the '90s with the shimmering...
...uses the Portuguese spelling. But the Sands, with its golden façade and shimmering neon-purple fountain, will have some sibling rivalry in 2006 when its parent company finishes an $800 million replica of the Venetian Resort Hotel Casino, complete with imitation canals and singing gondoliers. Sands chairman Sheldon Adelson is so gung ho about Macau that he is enlisting partners in a $10 billion project to duplicate the Vegas Strip on a sliver of reclaimed land between two of the territory's islands. The Sands Macao carefully blends Vegas pomp with an Asian vibe. A feng shui master...