Home / Business / Billionaire Sheldon Adelson has cancer and is seeking treatment

Billionaire Sheldon Adelson has cancer and is seeking treatment


1; Casino magnate and GOP donor Sheldon Adelson has cancer and is no longer based in Las Vegas since Christmas.

Adelson's poor health was discovered earlier this week by one of his company attorneys during a year-long trial filed by a Hong Kong businessman. Founder and CEO of Las Vegas Sands Corp. did not participate in the conference call of the casino operator with analysts and investors after its earnings report in January.

Attorney James Jimmerson said on Monday in court that he had learned of the terrible nature of Mr. Adelson's condition, health, last month. The lawyer's comment came while discussing whether Adelson was eligible for a deposition in the case and was first reported by The Nevada Independent.

Las Vegas Sands Corp. told The Associated Press Thursday that Adelson's cancer

"Mr. Adelson is still struggling with certain side effects of the medication he is taking to treat non-Hodgkin's lymphoma," company spokesman Ron Reese said in an e-mailed Thursday Availability limited to travel or regular office hours. "

The impact did not prevent Adelson, 85, from fulfilling his responsibilities as Chairman and CEO, Reese said, expecting the company to come back after treatment is over

Adelson also suffers from peripheral neuropathy, a condition that affects the nervous system.

The billionaire and his wife Miriam ga ben President Donald Trump's 2016 campaign $ 30 million They followed suit by contributing $ 100 million to the Republican Party for the 2018 midterm elections.

Adelson is the largest shareholder in Las Vegas Sands and regularly participates in the company's earnings solicitation, but was absent when he announced results on January 23. Sands president Robert Goldstein said at the time that Adelson was "a bit under the weather".

"We met with him yesterday," Goldstein told Adelson during the January call. "He takes some medications that make him a bit drowsy, so he decided to do a rain check this morning."


It was expected that Adelson testified in the statement made by Hong Kong businessman Richard Suen and his company Round Square Co.. He testified in 2013 and 2008 in the two previous lawsuits of the case.

Suen has applied for compensation because he helped Sands do business in the Chinese gambling enclave of Macao. Sands has argued that Suen did not help get the crucial permission to build casinos in Macau and deserves nothing.

Source link