Singapore's integrated resorts: Sheldon Adelson's cash cow Las Vegas Sands

Mr Sheldon Adelson, 85, has a "real time net worth" of US$37.7 billion (S$51 billion), according to Forbes.
Mr Sheldon Adelson, 85, has a "real time net worth" of US$37.7 billion (S$51 billion), according to Forbes.

Eight years ago, Marina Bay Sands and Resorts World Singapore transformed Singapore's skyline when they opened. More will be done - last week, it was announced that the two integrated resorts will pump in $9 billion to build world-class attractions.

Casino magnate Sheldon Adelson, the son of immigrants from Wales and Lithuania, grew up sleeping on the floor of a Boston tenement.

At age 12, he borrowed US$200 from his uncle to buy the rights to sell newspapers on a busy street corner, according to Forbes.

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A version of this article appeared in the print edition of The Sunday Times on April 07, 2019, with the headline 'Sheldon Adelson's cash cow'. Print Edition | Subscribe