Keeping up with the Adelsons

The Shelden Adelson schadenfreude continues, as the blogging world has picked up on two Adelson stories this week that both speak to his tremendous economic downfall.

First, it appears that Adelson’s Las Vegas Sands group is trying to sell its casino in Maccau, China, according to Marketwatch. The building of that $260 million casino, which was completed in 2004, was what made stock in Adelson’s stock skyrocket and in turn made him the richest Jew on the planet for a brief time.

The failure of that casino has in part helped his stock plummet.

The news today is that Adelson paid himself around $1.29 million in 2008 as a salary for being the CEO of Las Vegas Sands Corp. — a 59 percent pay cut from the year before.

Adelson is set to open a new casino on the former site of Bethlehem Steel in Bethlehem, Pa., May 22.
 

 

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