Accolades keep coming in for Sheldon Adelson

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The accolades kept coming in today for casino mogul Sheldon Adelson, most recently for his efforts that led to the construction of Allegiant Stadium.

The Las Vegas Convention and Visitors Authority held a moment of silence Tuesday to remember the passing of Adelson, the chairman of the CEO and chairman of the Las Vegas Sands Corp. who died at the age of 87. The Nevada Resort Association also recognized Adelson.

Nevada Governor Steve Sisolak issued the following statement on the passing of Adelson. 

“I was very saddened to hear of Sheldon Adelson’s passing. Sheldon was a man who believed in, succeeded in, and invested in bold and daring ideas that changed the State of Nevada. 

“He came from very humble beginnings and rose to international prominence as an entrepreneur, a builder, and a philanthropist. He started as a customer, by building the preeminent computer convention in the world hosted by Las Vegas. He saw an opportunity, which many dismissed, and built the first convention center and resort complex on the Las Vegas Strip. 

“His vision of Vegas as a premiere business destination had a dramatic impact, as other resorts adopted this new business model and conventions and business have become a critical part of our success.

“For me, in these difficult times, one act stands above all. Despite suffering significant economic losses due to the global pandemic, the shutdowns and limited business, due to mitigation protocols, Sheldon made a commitment to keep all of his Las Vegas employees paid and insured. That commitment helped keep thousands of Nevadans afloat during the most difficult of months, and Sheldon’s commitment will never be forgotten.” 

The LVCVA Vice Chair Marilyn Spiegel opened the regularly scheduled Board of Directors praising Adelson and remembering his contribution to Las Vegas. The casino giant has had disputes with the LVCVA in the past over its expansion of convention space and had called for its elimination. The Las Vegas Sands Corp. operates the Venetian and Palazzo and Sands Expo Center. 

“Sheldon was a visionary entrepreneur who came to our city in the late 1980s with the idea of what could be,” Spiegel said. “He had the fortitude to build it. We could all agree that our city and our state is such a better place because of Sheldon Adelson.”

LVCVA President and CEO Steve Hill offered his praise for Adelson as well and called him the driving force behind Allegiant Stadium, the home of the Las Vegas Raiders, and ultimately having that project be successful.

“It is undeniable that he had a tremendous influence on what we do with the meeting and convention industry,” Hill said. “He left his imprint on this city in a number of different ways, and we appreciate that contribution.”

Virginia Valentine, president of the Nevada Resort Association, said they are saddened to hear about Adelson’s death, calling him “an industry icon, dedicated philanthropist and extraordinary entrepreneur who shaped Las Vegas into the No. 1 tradeshow and convention destination it is today.”

Valentine said Adelson’s “leadership, tenacity and business acumen” have been evident since his first business opportunity at the age of 12, and the gaming industry in Nevada and throughout Asia has benefited from his exceptional vision and commitment to success.

“From his pioneering work in creating COMDEX, the world’s largest trade show for the computer industry, to his industry-leading innovations in developing integrated resorts, Mr. Adelson will be remembered as one of our industry’s great minds.”

Valentine said Adelson leaves a legacy through his innumerable charitable contributions and the work of the Adelson Family Foundation which have changed the course of untold lives through his extensive support of Jewish causes, advancing educational possibilities and groundbreaking medical research.

“Many nonprofit organizations around the world have lost a true friend and champion,” Valentine said. “Our thoughts are with Dr. Miriam Adelson, his children and family, many friends and the entire Las Vegas Sands Corp. team during this difficult time.”

Joint statement from Frank Fertitta and Lorenzo Fertitta:

“We are deeply saddened by the news of the passing of our good friend Sheldon Adelson. Through his entrepreneurial spirit and vision, Sheldon helped inspire and transform Las Vegas into the world class destination it is today.”

“Sheldon was and will always be a legend in the gaming industry. Not only did he build incredible resorts for the enjoyment of his guests, he unequivocally set the bar when it came to taking care of his team members. He recognized that a property is only as good as its team.”

“He will also be remembered for his many great philanthropic efforts here in Las Vegas, throughout the county and around the world.”

“We send our condolences and sympathies to Sheldon’s wife Miriam, the Adelson family and the entire Las Vegas Sands team on their loss.”

About the Author

Buck Wargo

Buck Wargo is a former journalist with the Los Angeles Times and has been based in Las Vegas as a business, real estate and gaming reporter since 2005.

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