The casino industry has been impacted by the news today of the passing of Sheldon G Adelson, Founder, Chairman and CEO of Las Vegas Sands, at the age of 87 years. 

The company issued a statement which read: “Our founder and visionary leader, Sheldon G Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma.” 

Born to immigrant parents and raised in a poor section of Boston, Adelson went from a teenager selling newspapers on a street corner to becoming one of the world’s most successful entrepreneurs. 

His achievements in the integrated resort and hospitality industry are well-documented, said the statement. “In Las Vegas, Macau and Singapore, Mr Adelson’s vision for integrated resorts transformed the industry, changed the trajectory of the company he founded, and reimagined tourism in each of those markets. His impact on the industry will be everlasting.” 

The firm added: “Today, more than 50,000 Sands team members have Dr Adelson and the entire Adelson family in their thoughts and prayers and are grateful to have had their lives touched by a true force of nature. When the pandemic disrupted daily routines and dramatically impacted his business, Mr Adelson was adamant that our Team Members across the globe continue to receive full pay and health care benefits even while the buildings in which they worked were closed.  

“There are countless additional untold stories of his warmth and generosity – efforts for which he never sought recognition or publicity and would only reply with a smile if asked about them. While his business credentials – having started or been involved in more than 50 different enterprises – are unquestioned, his dedication to philanthropy and commitment to his family will truly be his legacy.”  

The Adelson family has requested privacy as it mourns his passing. A funeral will be held in Israel with plans for a memorial service to take place in Las Vegas at a later date.