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LAS VEGAS (AP) – Casino mogul and GOP lead donor Sheldon Adelson fights cancer, but industry analysts say the company he founded and his staff have the staff to handle it through the health crisis.
Las Vegas Sands Corp. indicates that Adelson, 85, is on treatment for non-Hodgkin's lymphoma.
The announcement came after Sands lawyer James Jimmerson at a hearing earlier this week described the billionaire's health as "catastrophic" and Adelson was no longer in his company's offices. in Las Vegas since Christmas day.
Stifel analysts say Sands "stays in good hands" with leaders who are "one of the deepest, if not the deepest benches" among casino operators.
Sands shares plunged about 1.5% in moderate trading on Friday.
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