Addelson Loses 1 Billion Dollar Fortune in Las Vegas Sands

eddessaknight — Sun, 28 Dec 2014 23:07:03 GMT

Fate of One Big Player

Fotes Fortuna Juvat

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1 Man's $10 Billion Loss in Las Vegas Sands

Have you ever gone gambling and lost money? Well, sometimes the house loses too.

In fact, one Vegas Tycoon has watched nearly $10 billion of his fortune vanish in 2014.

Source: Flickr user Stuart Richards.

The man

Sheldon Adelson is the Chairman and CEO of Las Vegas Sands (NYSE: LVS ) a $45 billion firm that operates integrated resorts -- casinos with hotels,... [ More ]