Sheldon Adelson, casino mogul and major GOP donor, in dire health, says lawyer
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By Associated Press
LAS VEGAS – Casino Magnet and GOP Donor Sheldon Adelson is not in good health and has not been at the company's offices in Las Vegas since around Christmas Day.
Adelons poor health was revealed earlier this week by one of his lawyers during a one-year-old court hearing brought by a Hong Kong businessman. Founder and CEO of Las Vegas Sands Corp did not participate in the casino operator's conference call with analysts and investors following the January revenue report.
Lawyer James Jimmerson told the court Monday that he learned last month "of the grim nature of Mr. Adelson's condition, health." Comment from the lawyer came when he discussed whether Adelson could settle for a deposit in the case.
The company on Thursday did not immediately respond to a request for comment on the condition of the billionaire, his involvement in the company's business since Christmas day and about the existence of a transition plan. The lawyer's comments on Adelson's health were first reported by The Nevada Independent.
Adelson, 85, suffers from peripheral neuropathy, a condition that affects the nervous system.
Billion and his wife, Miriam, gave President Donald Trump's campaign $ 30 million in 2016. They followed it by contributing $ 100 million to the Republican Party for the mid-term elections in 2018.
Adelson's Las Vegas Sand's largest shareholder and regularly participates in the company's earnings call, but was absent when reported results on January 23. Sands president Robert Goldstein said when Adelson was "a little under the weather". [19659007] "We met him yesterday," said Goldstein about Adelson in the January conversation. "He takes drugs that make him a little drowsy, so he decided to take a raincoat on this one."
Adelson was expected to testify in the case of Hong Kong businessman Richard Suen and his firm Round Square Co. He testified in 2013 and 2008 on two previous attempts.
Suen has sought compensation because he said he helped Sand's safe business in the Chinese gambling cave in Macau. Sands has claimed Suen did not help get decisive approval for building casinos in Macau and deserves nothing.
