Sheldon

Business Career Timeline

  • COMDEX

    COMDEX
    The original source of Adelson's wealth and current investments was the computer trade show COMDEX, which he and his partners developed for the computer industry; the first show was in 1979
  • Sands Hotel and Casino

    Sands Hotel and Casino
    In 1988, Adelson and his partners purchased the Sands Hotel and Casino in Las Vegas, the former hangout of Frank Sinatra and the Rat Pack, in order to bring Las Vegas to a new source of business from the exhibition industry.
  • Sands Expo and Convention Center

    Sands Expo and Convention Center
    The following year, Adelson and his partners constructed the Sands Expo and Convention Center, then the only privately owned and operated convention center in the US.
  • The Venetian

    The Venetian
    In 1991, while honeymooning in Venice with his second wife, Miriam, Adelson found the inspiration for a mega-resort hotel. He razed the Sands and spent $1.5 billion to construct The Venetian, a Venice-themed resort hotel and casino.
  • Sold COMDEX

    Sold COMDEX
    In 1995, Adelson and his partners sold the Interface Group Show Division, including the COMDEX shows, to SoftBank Corporation of Japan for $862 million; Adelson's share was over $500 million.
  • The Venetian Expands

    The Venetian Expands
    In 2003, The Venetian added the 1,013-suite Venezia tower – giving the hotel 4,049 suites; 18 restaurants and a shopping mall with canals, gondolas and singing gondoliers.
  • Sands Macau

    Sands Macau
    The one-million-square-foot Sands Macao became the People's Republic of China's first Las Vegas-style casino when it opened in May 2004. Adelson recovered his initial $265-million investment in one year and, because he owns 69% of the stock, he increased his wealth when he took the stock public in December 2004.
  • Israel HaYom

    Israel HaYom
    In 2007, Adelson made an unsuccessful bid to purchase the Israeli newspaper Maariv. When this failed, he proceeded with parallel plans to publish a free daily newspaper to compete with Israeli, a newspaper he had co-founded in 2006 but had left. The first edition of the new newspaper, Israel HaYom, was published on July 30, 2007.
  • The Venetian Macau

    The Venetian Macau
    In August 2007, Adelson opened the $2.4-billion Venetian Macau Resort Hotel on Cotai and announced that he planned to create a massive, concentrated resort area he called the Cotai Strip, after its Las Vegas counterpart.
  • Bethlehem, Pennsylvania

    Bethlehem, Pennsylvania
    In the late 2000s, Adelson and the company decided to build a casino resort in Bethlehem, Pennsylvania. It is one of five stand-alone casinos that were awarded a slots license by the Pennsylvania Gaming Control Board in 2006. The casino opened May 22, 2009.
  • Marina Bay Sands

    Marina Bay Sands
    In May 2006, Adelson's Las Vegas Sands was awarded a hotly contested license to construct a casino resort in Singapore's Marina Bay. The new casino, Marina Bay Sands, opened in 2010 at a rumored cost of $5.5 billion. It includes a shopping mall, convention center, and 2,500 luxury hotel rooms.