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Source: www.prnewswire.com --- 5 days ago
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Travel Mole Sep 2 2008 9:27PM GMT ... Source: www.lasvegassun.com --- 11 days ago
Grand Opening Celebration for The Dr. Miriam & Sheldon G. Adelson Educational Campus -- 09/25/08 at The Dr. Miriam & Sheldon G. Adelson Educational Campus ... Source: blogs.lvcitylife.com --- 6 days ago
… when it’s an attack ad getting all up in McCryptkeeper’s rictus grill. On the upside, maybe this means the Winter Olympics will be in toasty ol’ Arizona: ... Source: www.topix.com --- 4 days ago
The billionaire chief executive of Las Vegas Sands Corp. has invested $475 million in the hotel and casino operator to avoid violating lender covenants. ... Source: www.richardsilverstein.com --- 19 days ago
Here’s an update on last night’s post about the dirty tricks campaign involving the circulation of 28 million DVDs of the anti-Muslim propaganda film, Obsession, in U.S. swing states. In my last post, I noted that Obsession was produced by Raphael Shore with the financial backing on an anonymous backer. Wikipedia reports that the film’s producer [...] ... Source: blog.washingtonpost.com --- 81 days ago
For anyone who has been to Las Vegas in the last few years, it's hard to miss Sheldon Adelson's imprint on the Strip -- his Venetian and Palazzo casinos are among the most luxurious in Sin City. But, for those of who who toil day in and day out in the nation's capital, Adelson has been a distance presence. No longer. Adelson, the third richest man in America according to Forbes magazine , has in recent years turned his attention and, more importantly, his wallet to American politics. Adelson has donated more than $229,000 to various state and national Republican committees and candidates over the last three elections but his real influence is felt in the contributions he has -- and continues to make -- to 527s and 501(c)(4)s that engaged in public education/political efforts Adelson is one of the prime movers and major backers of Freedom's Watch, the independent, conservative-aligned group expected to play a major role in House and Senate races this year. He has reportedly donated $30 million to fund the groups activities, but because Freedom's Watch is a 501(c)(4), it is not required to make public its donors. Although Adelson has lurked in the shadows for years, two new profiles -- one by the Wall Street Journal (subscriber-only, boooo!), the other by the New Yorker -- bring him into sharp relief. Among the tidbits we learn about Adelson: * His massive wealth is a relatively recent phenomenon due in large part to his investment in cas ... Source: www.huffingtonpost.com --- 73 days ago
Sheldon Adelson, the 72-year-old casino billionaire who has become the third richest man in America and who has strong ties to the hard-line Likud Party in Israel, has emerged this year a major benefactor of the American right. Past evidence suggests that Adelson will capitalize on his ascent to the top of the Republican money elite to try to build opposition in America to any Middle East peace settlement calling for the division of Israel into two states, one Jewish, the other Palestinian. In the current election cycle, Adelson has surpassed such past financial mainstays of conservative causes and of the GOP as oilman-corporate raider T. Boone Pickens ($4.6 million 2003-4), Houston real estate magnate Bob Perry ($18.5 million 2003-6) and former Univision CEO Jerry Perenchio ($9.1 million 2003-6). According to some estimates , Adelson has put over $30 million in the 2007-8 cycle and has now even surpassed George Soros, the Democratic financier who in 2003-4 and 2005-6 broke all records by investing $27 million in liberal get-out-the-vote and media campaigns. Although Adelson has been a donor to political campaigns for many years - the Center for Responsive Politics lists him as contributing a total of $719,532 to U.S. federal campaigns and candidates since 1990 -- only recently has Adelson joined the top ranks of political heavy hitters who use tax exempt non-profit independent advocacy organizations -- 527s and 501c4s (identified ...
Source: clipmarks.com --- 17 days ago
clipped by: mugofcoffee Clip Source: in.news.yahoo.com By Phil Wahba NEW YORK (Reuters) - Microsoft founder Bill Gates is the richest person in the United States for the 15th year in a row, but economic woes have claimed some members of Forbes magazine ranking of the 400 wealthiest Americans. Dropouts this year include former American International Group chief executive Maurice Greenberg, and former eBay chief Meg Whitman, while among those on the list some 126 fortunes declined -- six times more than last year. Casino magnate Sheldon Adelson saw his fortune dwindle by $13 billion in the past year, the biggest loss of anyone on the list, while Kirk Kerkorian's fortune shrank by $6.8 billion as shares in casino operator MGM Mirage tumbled. "The fact that the rich are not getting richer means that the economy is locked," said Matthew Miller, editor of the Forbes list. "Credit is not being extended, there is very little liquidity in the markets and deals can't get done, so the economy contracts." ...
Source: www.casinogamblingweb.com --- 4 days ago
As casino companies scramble to try and find ways to survive the brutal economy, the Las Vegas Sands Corp. has come up with a way to show strength through an investment by chief executive Sheldon Adelson. ... Source: www.onlinecasinoadvisory.com --- 4 days ago
Casino operator Las Vegas Sands received a half-billion dollar loan from owner and gambling magnate Sheldon Adelson to keep credit in line. ... Source: www.lasvegassun.com --- 4 days ago
In a sign of how credit turmoil is forcing companies to look for new sources of funding, Sheldon Adelson, the billionaire chief executive and major shareholder of Las Vegas Sands Corp., agreed to loan his gambling company $475 million of his own cash, the Wall Street Journal is reporting. ... Source: www.fox5vegas.com --- 32 days ago
The Nevada Supreme Court refuses to allow public votes in November on two tax-shifting plans and a third tax-restricting plan backed by casino mogul Sheldon Adelson. ... Source: blog.washingtonpost.com --- 7 days ago
Gaming mogul Sheldon Adelson. Photo by Bobby Yip of Reuters Freedom's Watch, an outside conservative organization seen by many Republicans as their best chance of holding down major losses in the House and Senate this fall, has begun spending in key races after months of relative inaction. In the past 10 days, Freedom's Watch has dropped more than $1.6 million on ads in six House races and two Senate contests. That spending comes after...Please click on the title to continue reading this entry. ... Source: blogs.jta.org --- 12 days ago
Bloomberg news has a piece about the hit that Sheldon Adelson — he who has pledged and given nearly $100 million to Birthright Israel — is taking in the market. Adelson, who made his billions in the gaming industry as the president of the Las Vegas Sands Corporation, shot up to number three on the Forbes [...] ... Source: www.lasvegassun.com --- 18 days ago
Sun archives Headlines from the Vegas gaming industry Beyond the Sun The Forbes 400 list Las Vegas' richest man, Sheldon Adelson, fell 12 spots on Forbes’ 400 Richest Americans list , but he's still got about $15 billion to fall back on. The Sands Corporation owner dropped from No. 3 to No. 15 on The Forbes 400 list. Adelson, who is behind resort giants The Venetian and Palazzo, has seen his company’s stock take a plunge since last fall. "Rough year for Sin City's richest man," Forbes wrote in its description of Adelson . "America's third-richest man last year has seen (his) fortune dwindle by $13 billion; shares of his Las Vegas Sands casino company have fallen 65 percent since last October as gamblers stay home, Wall Street falls out of love with Macau." Steve Wynn also made the list, but dropped from No. 86 on last year's list to No. 118 in 2008 with a net worth of $3.4 billion. Wynn has seen a 49 percent drop in his company's stock since last October. Frank and Lorenzo Fertitta, the brother team behind the Station Casinos and Ultimate Fighting Championship, tied on the list at No. 377, each with a net worth of $1.3 billion. The Fertittas were the only casino owners to make a jump on the list (ranked No. 380 in 2007). What does it take to creep into The Forbes 400 list? About $1.3 billion. ... Source: www.lasvegassun.com --- 82 days ago
Nevada daily political update: Sheldon Adelson and the GOP ... Find more results for Sheldon Adelson on RSSMicro.com |
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In a matter of minutes (or anyway, units of time) the Senate is expected to vote on a bailout package. Much like the bailout package that just got voted down the other day and sent all your stocks back in time to September 11. So what's changed since then? We've been sorta paying attention. Here's a comprehensive roundup! Stocks recovered from their Monday crash, but seriously, no one cared because the SEC's ban on haters is still on, oh look it was just extended until October 17 and anyway all anyone cares about is something called a TED spread, which represents the difference between the yield on Treasury bonds and the yield a bank can make by lending another bank money overnight and is really wide because investors are worried that at some point the Treasury Department will have to stop seizing banks that can't pay it back. Warren Buffett invested three more billions. This time in GE . That is because, hey, guess what, the "real economy" needs to borrow money to survive, hello, that is why finance was invented to begin with did you think they would do it just to piss me off? Anyway suddenly no one — not even GE! Or for that matter AT&T or the government of Florida! — could do that. Thank god Zionist casino magnate Sheldon Adelson is a billionaire casino magnate because he lent a few hundred million dollars to his Vegas casinos so they could pay the interest payments on some of those delightful money pits he borrowed all that m ...
Filed under: Wealth Forbes just released its annual Forbes 400 list of the richest Americans, and billionaire Microsoft founder Bill Gates (above) is back on top after briefly ceding first place to Warren Buffett this spring. Gates has a net worth of $57 billion as opposed to Buffett's $50 billion - $12 billion less than he had several months ago before Berkshire Hathaway's stock plummeted 15%. Buffett isn't the only one to suffer a major reversal. The year's biggest loser was Sands casino mogul Sheldon Adelson , No. 15, whose fortune fell $13 billion in the past 12 months - about $1.5 million per hour, Forbes notes - to $15 billion. Adelson's fellow casino kingpin Kirk Kerkorian , No. 27, was another underachiever, losing $6.8 billion this year. Still, they were both better off than the 33 moguls who fell off the list altogether due to declining fortunes. On the plus side, 31 new plutocrats moved up to take their places, including Facebook founder Mark Zuckerberg , 24, who makes his debut on the list with an estimated net worth of $1.5 billion. Other Forbes 400 first-timers include fertilizer tycoon Alexander Rovt, car dealer and art collector Norman Braman, and Patrón tequila founder John Paul DeJoria. Meanwhile, New York City's billionaire mayor Michael Bloomberg was the year's biggest gainer, as his net worth jumped $8 billion to a total of $20 billion, snagging him the No. 8 position. Also worth noting among this year's stat ...
Filed under: Las Vegas Sands (LVS) Where does a business handcuffed by a covenant that caps debt at 7.5 times cash flow go when it needs more money? If it's Las Vegas Sands (NYSE: LVS ), it reaches into the bulging pockets of major shareholder and chairman Sheldon Adelson. According to The Wall Street Journal , Adelson has loaned Las Vegas Sands almost half a billion dollars. The move will allow the company to remain within the covenant of its current $5 billion facility, which is crucial as it looks to raise an additional $2 billion for ongoing projects and refinance a current $3.3 billion loan. Earlier this month, S&P lowered the company's credit rating to B+ from BB-, reflecting weakness in the gaming industry and illiquidity in the company's position. Traditionally, the large casino-based companies have looked to investment banks for project financing (ouch!) and LVS continues to press forward on plans to build not just in Macau, but other Far East markets such as Singapore and perhaps Taiwan. Even before the current tight money climate in the U.S., though, LVS and other major players in the Far East casino development business have been looking overseas for financing. Continue reading Las Vegas Sands dips into Chairman's pocket for cash Permalink | Email this | Comments ...