page_title: Sheldon Adelson
section_title: Macau, China
hierarchical_section_title: Sheldon Adelson / Business career / Sands Casino / Macau, China
caption_attribution_description: 金光飛航博覽會號 IMO Number: 9429624 Flag: Hong Kong MMSI Number: 477937300 Callsign: VRDM6 Length: 47 m Beam: 11 m
context_page_description: Sheldon Gary Adelson is an American businessman, investor, philanthropist and political donor. He is the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore, and the parent company of Venetian Macao Limited, which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. He owns the Israeli daily newspaper Israel Hayom, Makor Rishon and the American daily newspaper Las Vegas Review-Journal. Adelson, a philanthropist and donor to a variety of causes, created the Adelson Foundation in 2007 at the behest of his wife, Miriam. He made the largest single donation to any U.S. presidential inauguration when he gave the Trump inaugural committee US$5 million.
  As of July 2020, Adelson was listed by Forbes as having a fortune of US$29.7 billion, making him the 28th-richest person in the world and 17th in Forbes 400. He is a major contributor to Republican Party candidates.
context_section_description: Adelson spearheaded a major project to bring the Sands name to Macau, the Chinese gambling city that had been a Portuguese colony until December 1999. The one-million-square-foot Sands Macao became the People's Republic of China's first Las Vegas-style casino when it opened in May 2004. He recovered his initial $265-million investment in one year and, because he owns 69% of the stock, he increased his wealth when he took the stock public in December 2004. Since the opening of the Sands Macao, Adelson's personal wealth has multiplied more than fourteen times.
  In August 2007, Adelson opened the $2.4-billion Venetian Macao Resort Hotel on Cotai and announced that he planned to create a massive, concentrated resort area he called the Cotai Strip, after its Las Vegas counterpart. Adelson said that he planned to open more hotels under brands such as Four Seasons, Sheraton and St. Regis. His Las Vegas Sands planned to invest $12 billion and build 20,000 hotel rooms on the Cotai Strip by 2010.
  Adelson's company was reportedly under federal investigation over alleged violations of the Foreign Corrupt Practices Act relating to payments made to a Macau lawyer. In 2015, Sands agreed to pay a $9 million settlement with the Securities and Exchange Commission, which included no admission of wrongdoing.
caption: The Cotai Jet, providing rapid transit between Macao and Hong Kong
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