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Sheldon Adelson

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  • LAS VEGAS— A Nevada judge has decided a wrongful termination case against Macau- based Sands China Ltd. and Sands Chairman Sheldon Adelson can stay in Nevada largely because of the influence Adelson wielded over the company, often from several thousand miles away. Clark County District Court Judge Elizabeth Gonzalez issued her ruling Friday afternoon after...

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • HONG KONG, March 26- One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewelry conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said. Macau's Suncity confirmed its involvement in the project while VinaCapital confirmed...

  • TABLE-Forbes rich list rankings Monday, 2 Mar 2015 | 2:34 PM ET

    March 2- Bill Gates topped Forbes magazine's annual list of the world's richest people, released on Monday, with Mexican telecommunications tycoon Carlos Slim Helu in second place. 6 Charles Koch $42.9 bln Up Diversified U.S. 6 David Koch $42.9 bln Up Diversified U.S. 8 Christy Walton $41.7 bln Up Wal-Mart Stores Inc U.S. 11 Alice Walton $39.4 bln Up Wal-Mart U.S. 12...

  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • In Macau, casino titans join China reform wagon Sunday, 8 Feb 2015 | 4:00 PM ET

    HONG KONG, Feb 9- Leading China's anti-corruption campaign, President Xi Jinping warned Macau last December that the world's biggest gambling hub needs to be about more than baccarat. "When you hear the central government and the Macau government urged operators to diversify the attractions of their facilities... they are preaching to the choir.

  • HONG KONG, Dec 18- As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling centre cannot remain a one-industry town. China extended a crackdown on illicit money transfers into Macau, giving its Economic Crimes Investigation Bureau access to...

  • Xi's visit to Macau deals cold deck to VIP gamblers Wednesday, 17 Dec 2014 | 4:00 PM ET

    HONG KONG, Dec 18- As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling centre cannot remain a one-industry town. China extended a crackdown on illicit money transfers into Macau, giving its Economic Crimes Investigation Bureau access to...

  • Ex-Macau partner suing Las Vegas Sands for $5B Friday, 11 Jul 2014 | 5:37 PM ET
    Las Vegas Sands casino sits behind the Fishermans Wharf in Macau, in this Feb. 7, 2006 file photo.

    A former Macau business partner of Las Vegas Sands is suing Sands for at least $5 billion in profits that it says are owed.

  • Casino group pulls support for online gambling Wednesday, 21 May 2014 | 11:21 AM ET

    Despite congressional testimony in favor of online gambling, the group representing U.S. casinos has withdrawn its support for the practice.

  • $,$$$,$$$,$$$: Billion-dollar political donor coming Friday, 16 May 2014 | 9:19 AM ET
    David and Charles Koch

    With nine digit political donations becoming more common, the $1 billion political donation, yes, $1 billion, is in the offing, say experts.

  • No bull, billionaires capture 7% of market's gains Friday, 7 Mar 2014 | 2:51 PM ET
    Ray Dalio speaks with CNBC at the 2014 WEF in Davos, Switzerland.

    Since the market bottom in 2009, America's billionaires have seen their fortunes and numbers soar to new records.

  • Online gambling fuels terrorism networks: Pataki Wednesday, 12 Feb 2014 | 1:10 PM ET

    George Pataki, the former governor of New York, has joined the fight against online gambling, claiming it could be used for money laundering.

  • Risky business: Caesars bets on online gaming Thursday, 21 Nov 2013 | 1:02 PM ET

    Mitch Garber wants investors to put their money on Web gambling.

  • Batista vies for biggest loser as $34 billion vanishes Monday, 28 Oct 2013 | 12:41 PM ET
    Eike Batista

    Eike Batista declared in 2011 that he would soon become the richest man in the world. Instead, he may become known for the largest personal-wealth loss.

  • The Sands Corp. sign in Las Vegas, Nevada.

    Las Vegas Sands said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities and Exchange Commission filing on Friday.

  • *Some big-name Romney backers will be watching from Boston. Now, some heavyweights of the $2 trillion industry plan to break out the champagne and party in style Tuesday night as they cheer on their man at events in Boston, New York and even Las Vegas, according to people familiar with the Romney campaign and some of the big contributors.