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Las Vegas Sands CEO and chairman Sheldon Adelson is taking a leave of absence to undergo cancer treatment, the company announced on Thursday.
The 87-year-old billionaire, who was one of President Trump’s main supporters, was previously treated for non-Hodgkin’s lymphoma in 2019. He recently resumed treatment, according to Sands.
Robert Goldstein, president and chief operating officer of Las Vegas Sands, will serve as president and CEO of Las Vegas Sands and Sands China Ltd. during Adelson’s sick leave, the company said.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| I AGAINST | LAS VEGAS SANDS CORP | 58.15 | -0.39 | -0.67% |
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Sands owns properties such as The Venetian Resort and Sands Expo & Convention Center in Las Vegas, as well as several casinos and resorts in Macau through Sands China Ltd., in which it holds a majority stake.
Like many resorts and other travel companies, Sands was hit during the coronavirus pandemic. The stock price fell about 18% compared to the previous year.
Las Vegas Sands CEO and chairman Sheldon Adelson is taking a leave of absence to undergo cancer treatment, the company announced on Thursday. (Photo by Shahar Azran / Getty Images)
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Sands canceled its plans in May to build a $ 10 billion casino in Japan, Bloomberg reported. In October, Reuters reported that the company was exploring the possible sale of its main properties in Las Vegas.
While the company’s properties were closed in March because of the pandemic, Sands announced that Adelson was donating 2 million masks and 20,000 protective clothing to healthcare professionals in Nevada and New York.
Las Vegas Sands has properties like The Venetian Resort and Sands Expo & Convention Center in Las Vegas. (Photo by Ethan Miller / Getty Images)
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“Our properties in Las Vegas may be empty now, but our hearts are full of hope for the future,” said Adelson in a written statement at the time.
Adelson is also a longtime donor to Republican politicians and groups. He and his wife Miriam donated more than $ 430 million to conservative campaigns during 2020, according to the Open Secrets website.