Long time online gambling opponent and source of much trouble for our industry, Sheldon Adelson died last night while hospitalized for non-Hodgkin’s lymphoma, an illness first disclosed in early 2019. He was 87. The chairman and CEO of Las Vegas Sands and one of the Republican Party’s major donors, Adelson had recently taken a leave of absence to resume treatment for his illness. He rose from a hardscrabble childhood in Boston to become one of the world’s richest men as founder and CEO of Las Vegas Sands. He was Sands’ first employee, which has now grown to over 50,000 employees….

Billionaire Sheldon Adelson’s casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm’s former relationship with a consultant in Macao and China, company and federal officials said Thursday. With the agreement, Las Vegas Sands Corp. resolved twin probes of more than $60 million paid to an unnamed agent retained in 2006 to acquire a Chinese basketball team, plus other business dealings that include a Beijing real estate deal to promote casinos on the Cotai Strip of Macao, U.S. Justice Department and FBI officials said. The $6.96 million penalty…

Las Vegas Sands Chairman Sheldon Adelson’s bad decisions have cost the company hundreds of millions of dollars, and a court should take control of the company, a shareholder says in a derivative complaint in Clark County Court. William A. Sokolowski says he bought shares in Las Vegas Sands in February 2012, and that since then decisions largely made by Adelson and current and former board members have violated fiduciary duties to shareholders. Sokolowski wants the court to take control of the company and shareholders reimbursed for losses. The 78-page complaint accuses Adelson of “operating the company in an illegal manner,…