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Adelson Setting His Sights on Macau

The Cotai Strip, approximately a mile of hotels and casinos in Macau, has one person to thank for the inundation of slot machines and revenue – and that would be Sheldon Adelson. He financed $10 billion investment into the area, and it is now becoming one of the largest slot machine and casino areas in the world in terms of revenue.

Sheldon Adelson is the Chief Executive of Las Vegas Sands, and owns the Venetian Resort. He is worth roughly $16 billion, and is number 14 on the Forbes Billionaires List. For a 73 year old son of immigrants, that ain’t bad. The man has the knack for building things into much more than they were when he got there. He says he “went to bed thinking about what I wanted to do in Macau, and I woke up with the idea of recreating the Vegas Strip.”

Everything the man touches turns to gold, just look at his purchase of the Sands Hotel and Casino in 1989. Now look how big it, and he, have gotten.

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