In 2007, three years after the US$265 million casino gained a foothold in Macau, Mr. Adelson opened his next big event: The Venetian Macau, which is a US$2.4 billion building with 39 floors. The hotel and casino-the seventh largest building in the world, with gaming facilities, the paradise is almost as large as 10 football fields. With the influx of avid gamblers from Asia, Mr. Adelson’s wealth increased many times.
He established other casino hotels in Macau, Singapore and Pennsylvania, and added the Las Vegas Palace. In 2013, after failing to win concessions from Spain, he abandoned his plan to invest $30 billion in a resort near Madrid. But he plans to have a casino in Japan, which is a large untapped gambling market and is worth billions of dollars. He strongly lobbies against online gambling.
The Democratic Congressional Campaign Committee issued a “sincere apology” after suggesting that he profited from prostitution.
Sheldon Gary Adelson was born in Boston on August 4, 1933, one of the four children of Arthur and Sarah (Tonkin) Adelson. His father is the ancestor of Ukrainians and Lithuanians of Ukrainian descent. His mother immigrated from England, and one of the boy’s predecessors was a coal miner in Wales. The family is in a two-bedroom apartment in Dorchester, Boston. Parents sleep on mattresses and their children sleep on the floor. The helpful Sheldon sold newspapers and installed vending machines in factories and gas stations at the age of 16.
He fought anti-Semitism and hardliners on the streets with Roxbury Memorial High School. He told Forbes in 2012: “We must have at least four children in school. Children in Ireland have seen rubber hoses, chains and brass knuckles emerging from bushes and houses.”
Mr. Adelson attended the City College of New York in the 1950s, but dropped out and joined the army within two years. He later sold toiletries, magazine advertisements and windshield deicer. Brokerage mortgages, developed condominiums and scheduled boat charter trips. After successfully holding the trade show, he bought Sands Hotel and Casino for US$128 million.