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Sheldon Adelson, Las Vegas Sands CEO, dies at age 87

Sheldon Adelson.PNG
Posted at 5:25 AM, Jan 12, 2021
and last updated 2021-01-12 14:42:13-05

LAS VEGAS (KTNV) — Sheldon Adelson, the multi-billionaire casino mogul and Las Vegas Sands founder, has passed away Monday evening.

Adelson's company, the Las Vegas Sands, says he died from complications related to his treatment for non-Hodgkin's lymphoma.

RELATED: A look at Sheldon Adelson's life and his influence on Las Vegas and beyond

The Las Vegas Sands released the following statement on Tuesday:

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, Mr. 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. In Las Vegas, Macao 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.

Mr. Adelson was the first employee of Las Vegas Sands – "Team Member Number One" he liked to say. 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. He will be missed by people from all parts of the world who were touched by his generosity, kindness, intellect and wonderful sense of humor.

The Adelson family asks for privacy as they mourn Mr. Adelson's passing. A funeral will be held in Israel, the birthplace of Dr. Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date.

MORE: Nevada leaders remember Vegas trade show, hospitality pioneer Sheldon Adelson

On Jan. 7, the company announced that Adelson would be taking a medical leave of absence from the company to resume his cancer treatment.

Sheldon Adelson taking medical leave from Las Vegas Sands, resumes cancer treatments

In March 2019, Adelson announced he was receiving treatment for non-Hodgkin's lymphoma.

The companies' boards of directors named Robert G. Goldstein, currently Las Vegas Sands' president and chief operating officer, as acting chairman and acting chief executive officer of both organizations while Adelson was on medical leave.