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Tag: Adelson

  • Las Vegas Sands Continues Pouring Money Into Texas Politics

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    Posted on: October 14, 2025, 10:21h. 

    Last updated on: October 14, 2025, 10:32h.

    • Las Vegas Sands remains invested in Texas politics
    • Sands wants to build a casino resort in Dallas
    • Sands is heavily backing Texas Senate candidate John Huffman

    Las Vegas Sands has contributed millions of dollars to political races in Texas over the past few years. Despite little return on the many campaign contributions, the world’s largest casino operator by market capitalization is showing no signs of folding.

    Las Vegas Sands Texas politics John Huffman
    Texas Senate candidate John Huffman posted a photograph of his family looking over the Bellagio Fountains on X. Huffman is being heavily supported by the casino lobby and Las Vegas Sands, though he wrote in July that Las Vegas is not his “style.” (Image: X)

    According to campaign finance records disclosed by the Texas Ethics Commission, Texas Sands PAC last month gave state Senate District 9 Republican candidate John Huffman $500K. Huffman, a former city councilor and mayor of Southlake in the Dallas/Fort Worth suburbs, is a self-described “true fiscal conservative” who seeks to cut taxes and reduce regulation.

    Sands sees Huffman as a possible state lawmaker who might get on board with the idea of casino gambling as an economic stimulator that could lessen the tax burden on Texans, and keep the many millions of gaming dollars from flowing annually to Oklahoma tribal casinos and commercial casinos in Lake Charles, La. Huffman’s chief opponent for the November 9 special election — Republican Leigh Wambsganss — is on record saying she doesn’t believe gambling is good for society.

    The research is conclusive — gambling has a negative impact on families and has a detrimental effect on the community as a whole,” Wambsganss told the Texas Scorecard. “I do not think expanded gambling is right for Texas.”

    Huffman says voters — not state lawmakers — should decide whether casinos are right for Texas.

    If voters choose expansion, it should be limited, well-regulated, and focused on a small number of high-end destination resorts that create jobs and attract tourism,” Huffman said.

    Sands’ largest shareholder is billionaire Dr. Miriam Adelson, who, along with her son-in-law, Patrick Dumont, controls the NBA’s Dallas Mavericks. In late 2023, the Adelsons bought a 69% position in the Mavs from Mark Cuban for about $3.8 billion. 

    Casino Lobby

    Adelson’s late husband, Sheldon Adelson, the founder and longtime chair and CEO of Sands, had sought entry into Texas for many years. Adelson is carrying on her husband’s ambitions.

    Adelson’s purchase of the Mavs is thought to give the businesswoman and philanthropist an upper hand in Austin in convincing lawmakers to consider gaming. Her crusade is supported by Cuban, who believes Texas needs to diversify its leisure travel attractions. Adelson and Cuban have suggested building a new NBA arena accompanied by an integrated resort casino.

    Adelson and Sands are the lone financiers of Texas Sands PAC. In August, she gave $9.1 million to the political action committee. Sands gave $4,500.

    Adelson is also a major backer of the Texas Defense PAC. That committee gave Huffman almost $600K. The Adelson-based committees collectively account for about 94% of Huffman’s total campaign war chest.

    Political Irony

    Huffman believes it’s quite ironic that Wambsganss opposes casinos in Texas, considering her family made money off gaming. Those claims stem from her husband previously being an investor in a skill gaming manufacturing company that primarily operated in Virginia, the state in which Wambsganss was born before moving to Texas as a child with her military parents.

    Skill games in Virginia have been illegal since July 2021, though legal challenges continue. Skill games are slot-like machines that require players to identify winning paylines.

    Huffman’s support of casinos is also a bit ironic. Last summer, he posted his family’s favorite cities across the US after being “blessed to travel to all 50 states.” His review for Las Vegas wasn’t exactly an endorsement.

    We didn’t gamble — obviously — but we walked the Strip, marveled at the Bellagio Fountains, and soaked in the sensory overload. Glad the kids saw it, but no one was in a hurry to return. Just not our style,” Huffman summarized.

    The Texas politician ranked Las Vegas No. 16 among 21 major cities they visited.

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    Devin O’Connor

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  • Las Vegas Sands Among Businesses That Met With China Premier

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    Posted on: September 27, 2025, 03:08h. 

    Last updated on: September 27, 2025, 03:09h.

    • Las Vegas Sands CEO Rob Goldstein met with Chinese Premier Li Qiang
    • The Chinese leader expressed enthusiasm for strengthening his country’s relationship with the US
    • Sands operates five casinos in China’s Macau

    Robert Goldstein, the chairman and CEO of Las Vegas Sands, who assumed the roles in January 2021 following the death of his longtime boss and mentor, Sheldon Adelson, was among the American business leaders who met last week with Chinese Premier Li Qiang.

    Las Vegas Sands Robert Goldstein China
    The Venetian on the Cotai Strip in Macau, owned by Las Vegas Sands, is seen. Sands’ top executive, Robert Goldstein, met recently with Chinese Premier Li Qiang. (Image: Shutterstock)

    For decades, Goldstein was Adelson’s right-hand man. Adelson, the founder and longtime chair and CEO of Sands, was responsible for overhauling China’s Macau into the world’s richest gaming hub by developing the ultra-luxurious Cotai Strip.

    During his trip to the US to attend a meeting of the UN General Assembly in New York, Li, Chinese President Xi Jinping’s right-hand man, who is the second most important leader in China, met with several executives from major American companies that do business with China, with LVS among them.

    Las Vegas-based Sands no longer has any resorts in Las Vegas or anywhere else in the US. The firm instead relies primarily on Macau, along with its Marina Bay Sands in Singapore.

    Chinese Meeting

    Goldstein was one of at least eight business leaders who met privately with Li in New York on Thursday after the UN gathering. Goldstein’s attendance was first reported by Bloomberg.

    Looking forward, China and the US need to find the right way to get along in this new era,” Li said at the event hosted by the National Committee on US-China Relations, according to a readout posted by the Chinese government. “Economic and trade relations are an important part of our bilateral relationship.”

    Li said that the world’s two largest economies “can and should become friends and partners.”

    Those are welcome comments for Sands, which owns and operates five integrated resort casino properties in China — The Venetian, Sands, The Londoner, The Plaza & Four Seasons Hotel, and The Parisian. In 2024, Sands’ Macau operations generated net revenue of more than $7.1 billion for the company.

    President Donald Trump’s tariff war and ongoing threats to the Chinese economy have caused some concern among the three US-based gaming operators invested in Macau that they could be targeted for retaliation. Along with Sands, MGM Resorts and Wynn Resorts own casinos in Macau.

    Li’s comments, however, suggest the Chinese Communist Party is seeking to strengthen its US relationship.

    Regardless of changes in the external environment, China will make every possible effort to ensure greater certainty for the growth of foreign companies,” Li added.

    The premier said the Pacific Ocean is “wide enough” to accommodate a strong bilateral relationship between the US and China, but also additional countries. Li urged both sides and parties to “strengthen cooperation.”

    Li Power

    Along with Goldstein and Sands, Li reportedly invited leaders from BlackRock, Citadel Securities, Visa, FedEx, Estee Lauder, and Amphenol.

    As premier, a position he’s held since March 2023, Li has been considered pro-business. The premier is the head of the People’s Republic of China government and leads the State Council.

    Goldstein plans to step down next year. He’s set to be replaced by Sands President and COO Patrick Dumont, the son-in-law of Sands’ largest shareholder, Dr. Miriam Adelson, the widow of the late Sheldon Adelson.

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    Devin O’Connor

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