Connect with us

Hi, what are you looking for?

Jewish Business News

Articles & Blogs

Top Jewish Casino Tycoons

Steve Wynn and the erstwhile Sheldon Adelson were among the most famous Jewish casino tycoons. After he passed, Adelson passed the reins to his Israeli-American wife, Miriam Adelson, who now retains the lion’s share of his enterprise. Now, we look at some of the key figures shaping the casino industry!

L-R Steve Wynn and Sheldon Adelson

by Contributing Author

It is estimated that some 15.2 million people worldwide are Jewish, yet their outsized contribution to society baffles the mind. Jewish contributions to humankind span the entire spectrum, including science, technology, medicine, literature, arts, and entertainment industries, to name but a few. The legendary Mark Twain once remarked, All things are mortal but the Jew; all other forces pass, but he remains. What is the secret of his immortality?’

Indeed, Jewish influence is perhaps best represented with Nobel prizes. Jewish people have been awarded Nobel prizes 210 times, accounting for 22% of all individual recipients between 1901 and 2021. Their outsized contribution to humanity baffles the mind, given that the Jewish population only numbers 0.19% of the global population.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Today, we explore the Jewish contributions to the entertainment scene, specifically the hotel and casino industry, where slots, blackjack, baccarat, and roulette reign supreme. To be a success as a casino boss it’s not about knowing the values of the blackjack cards or understanding the odds of roulette – it’s about entertaining people. And these guys know how to do it.

Sheldon Adelson and Miriam Adelson

Sheldon Adelson was a staunch supporter of Israel throughout his life. He is best remembered as the founder and CEO of the Las Vegas Sands Corporation, including Marina Bay Sands in Singapore. He died of lymphoma on January 11, 2021. He built an empire valued at $36.4 billion; he employed tens of thousands of people and supported hundreds of thousands of people through the employment opportunities he created directly and indirectly. Before he passed in 2021, he owned 50% of his gambling empire’s $14 billion in sales.

He only started in the casino industry at the age of 55 after he teamed up with partners to purchase the Sands Hotel & Casino in Las Vegas for $128 million. Over the years, he donated handsomely to Donald Trump’s campaign and to Republicans in general. Reports indicate that together with Miriam, the Adelson’s donated $123 million in 2018 alone. Sheldon was of Welsh and Lithuanian descent, and he grew up dirt poor in the basement of a Boston building. Sheldon’s four children and 11 grandchildren are running his business empire along with his wife, Miriam.

Steve Wynn – co-founder of Wynn Resorts

Steve Wynn is another self-made billionaire who retains ranking status in Las Vegas and the casino world. Despite misconduct allegations, he remains a power broker in the gaming industry. Now 80 years old, Steve Wynn has done it all. He resigned from his position as CEO of Wynn Resorts, and the board appointed Matt Maddox in his place. Steve Wynn created many of the most incredible casino resorts in Las Vegas, including Treasure Island, the Mirage, the Bellagio, and the iconic Wynn Las Vegas.

He co-founded Wynn Resorts with his wife Elaine back in 2002. She remains the company’s largest shareholder, following a bitter divorce agreement. Wynn’s father owned an East Coast bingo parlor. Wynn took over the business and then moved into Las Vegas in 1967. Today, he ranks at #358 on the Forbes 400 list with a net worth of $3.3 billion.

Other Notable Players in the Casino Industry

Famous and infamous people have peppered the casino industry over the years. The likes of gangsters Meyer LanskyArnold Rothstein, and Bugsy Siegel were both reviled and revered for their behavior. Others like Tony Bloom from England, Bob Gorodetsky who pleaded guilty to fraud charges of $9.6 million, and guys like them are already in the billionaires club. Yet, even today, many of the world’s finest online casino gaming platforms are built with Israeli ingenuity, a testament to the enduring relationship between the Jewish people and the entertainment scene.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News