Adelson is the majority shareholder of Las Vegas Sands, the world's largest casino company. Gambling's richest man parlayed the $862 million sale of his Interface conference company -- which included the Comdex technology gathering -- into the Venetian resort in Las Vegas. Today he operates casinos and convention centers in the U.S., Macau and Singapore.
Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, posted a 29 percent increase in first-quarter earnings and said it is seeing signs of improved demand from high-stake gamblers.
A lawyer for Las Vegas Sands Corp. said the Chinese government had no part more than 10 years ago in the award of gaming licenses in Macau for the casino operator controlled by billionaire Sheldon Adelson.
Sheldon Adelson told a jury he wasn’t involved in and didn’t authorize an offer that former Las Vegas Sands Corp. President William Weidner made to a Hong Kong businessman for a share of the company’s profit in Macau.
Las Vegas Sands Corp. Chairman Sheldon Adelson returned to the witness stand, saying if he didn’t defend the lawsuit brought by a Hong Kong businessman, there would be a line around the block with people suing him.
Sands China Ltd., the Macau casino operator controlled by billionaire Sheldon Adelson, posted a 63 percent jump in first-quarter profit as it drew a record number of visitors and pledged to increase its dividend.