Financial Times FT.com

Billionaire paid price to revive Sands’ fortunes

By Matthew Garrahan in Las Vegas

Published: October 19 2009 17:45 | Last updated: October 19 2009 17:45

Deep in the heart of the Venetian casino in Las Vegas, past the whirring slot machines, the canals and singing gondoliers, Sheldon Adelson is plotting the next phase of his company’s expansion.

Poring over plans for Marina Bay Sands, his new $5.5bn casino hotel project in Singapore, the 76-year-old billionaire is in a combative mood, heaping scorn on the “doubting Thomases” who wrote off Las Vegas Sands during the financial crisis.

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