🎰 Meet Sheldon Adelson, the billionaire casino mogul with ties to Trump - Business Insider

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Sheldon Adelson, American hotel-casino owner, newspaper publisher, and political contributor.


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Business Insider - Sheldon Adelson and his wife reportedly plan to donate at least $ million to Trump's reelection campaign and other.


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Casino stocks like Las Vegas Sands were some of the first U.S. equities hit by the virus crisis because it shuttered casinos and hotels in Macao.


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Sheldon Adelson, the founder and chairman of Las Vegas Sands, remains the world's richest casino billionaire with an estimated net worth of.


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Business Insider - Sheldon Adelson and his wife reportedly plan to donate at least $ million to Trump's reelection campaign and other.


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The Republican megadonor initially decided to keep his casinos and hotels open during the coronavirus pandemic while competitors like Wynn.


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The Sheldon Adelson owned company has been trying to expand there, but the terms of the country's casino legislation were objected to by.


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Get In Touch. Casino stocks like Las Vegas Sands were some of the first U. Markets Pre-Markets U. Sheldon Adelson has been saying some version of the phrase "yay, dividends! Skip Navigation. Market Data Terms of Use and Disclaimers.{/INSERTKEYS}{/PARAGRAPH} So my interests are exactly in line with investors," Adelson said in , according to a FactSet transcript. Indeed, Adelson, 86, is known for the phrase. A search of Las Vegas Sands conference calls via FactSet shows he's used it more than 20 times in that time. Major companies across several industries have cut or suspended their dividends due to the impact of the coronavirus pandemic. CNBC Newsletters. All Rights Reserved. Key Points. VIDEO Worldwide Exchange. Related Tags. Get this delivered to your inbox, and more info about our products and services. Las Vegas Sands announced that it was suspending its dividends due to the coronavirus pandemic's impact on the casino business. Nobody is hurt more by Las Vegas Sands stopping dividends than Adelson himself, as he owns more than half of the company's outstanding shares. News Tips Got a confidential news tip? That's why I'm calling the phrase 'yay dividends. The company's next earnings call, which will be the first to cover the coronavirus time period, is scheduled for Wednesday. Las Vegas Sands said last month that it will pay its employees while its casinos are closed. We want to hear from you. But a strong balance sheet is also a vital and necessary component to realizing stockholder value in the decades ahead," the billionaire said in a statement. Sign up for free newsletters and get more CNBC delivered to your inbox. He has been saying some version of it since at least April when he said "yay, return of capital" on an earnings call, according to FactSet, and he had refined it to "yay, dividends" by that October. It's been a quarterly staple ever since with more than 20 mentions on conference calls the last seven years. Data also provided by. {PARAGRAPH}{INSERTKEYS}When casino company Las Vegas Sands announced that it was suspending its dividend, CEO Sheldon Adelson acknowledged that he was going against his own motto. I love dividends.