By all accounts 2010 has been a pretty good year for Las Vegas Sands Corp. Chairman and Chief Executive Officer Sheldon Adelson.
The $5.5 billion Marina Bay Sands in Singapore opened in April and has produced revenues far beyond analysts' expectations. Table games in Pennsylvania added a revenue source to the Sands Bethlehem.
Company President Michael Leven has brought a calming influence to the corporate operation.The $5.5 billion Marina Bay Sands in Singapore opened in April and has produced revenues far beyond analysts' expectations. Table games in Pennsylvania added a revenue source to the Sands Bethlehem.
And in November, the Nevada Supreme Court threw out a $60 million verdict that a Clark County jury wanted the company pay to a Hong Kong businessman following a lengthy 2008 trial.
Adelson, 77, was the third richest man in America before 2008. But the economy tanked, stock in Las Vegas Sands fell from more than $140 per share to less than $2, and the company had to avoid bankruptcy by restructuring its corporate balance sheet.
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