Sheldon Adelson, the CEO and Chairman of Las Vegas Sands has announced that he will be taking a leave of absence from that position while he undergoes cancer treatment. The 87-year-old billionaire was diagnosed in the past with non-Hodgkin’s lymphoma in 2019.
Robert Goldstein will be stepping in to fill Sheldon Adelson’s shoes temporarily. He is the president and chief operating officer of Las Vegas and will serve as CEO of Las Vegas Sands and Sands China Ltd. while Adelson is on medical leave.
Sheldon Adelson was one of President Trump’s biggest and earliest supporters. He donated a great deal to both of Donald Trump’s presidential campaigns. In 2020, he the billionaire donated $176 million to help President Trump get reelected as well as to Republican causes in general. The money was funneled through the Preserve America PAC.
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This came after President Trump had accused the casino magnate of not donating enough money to help his reelection bid. But in 2018 President Trump gave Sheldon Adelson America’s highest civilian honor, the Presidential Medal of Freedom.
Las Vegas Sands calls itself the world’s pre-eminent developer and operator of world-class Integrated Resorts. LVS created the meetings, incentives, convention and exhibition (MICE)-based Integrated Resort.
Its properties include The Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., Las Vegas Sands developed the largest portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao, Sands Cotai Central and The Parisian Macao, as well as the Sands Macao on the Macao Peninsula.
