Adelson was a megadonor to the Republican Party. He helped fund President Donald Trump’s 2016 and 2020 campaigns. The one-term president had a contentious and at times combative relationship with China and its President Xi Jinping.<\/p>\n
With the billionaire global casino tycoon dead, Sands China might be wise to take on Chinese partners.<\/p>\n
\nIncreased Chinese ownership in any of the large operators makes sense for political reasons, and could be a net positive for existing shareholders,” Matthew Ossolinski told Reuters<\/i>. His company, Ossolinski Holdings, invests in global gaming operators.<\/p>\n<\/blockquote>\n
Ben Lee, founder of Macau gaming consultancy IGamiX, agrees.<\/p>\n
“This [Adelson death] presents a window of opportunity for Chinese parties to come in and take a strategic stake in the company,” Lee commented.<\/p>\n
Sands, the world’s largest casino company in terms of market capitalization, derives the majority of its revenue from its Macau operations.<\/p>\n
Sands reported 2019 revenue of $13.74 billion. Macau operations were responsible for 64.3 percent of the money, or $8.83 billion.<\/p>\n
Prior to his death, it was reported that Adelson was fielding offers for The Venetian and Palazzo on the Las Vegas Strip. He allegedly wanted to focus on global markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Macau government is weighing in on the death of casino billionaire Sheldon Adelson at the age of 87. The Macau Special Administrative Region (SAR) of China expressed condolences to Adelson, who forever changed the enclave and its economic prosperity. “The Government of the Macau Special Administrative Region has been informed by Sands China Ltd […]<\/p>\n","protected":false},"author":25,"featured_media":161245,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[],"acf":[],"yoast_head":"\n
Macau Pays Respect to Cotai Strip Visionary Sheldon Adelson<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n