Las Vegas Sands says it's in good hands as the CEO battles cancer

LAS VEGAS >> Casino mogul and GOP lead donor Sheldon Adelson fights cancer, but industry analysts and his group, Las Vegas Sands Corp., announced today that the empire of the game that he had founded and that he had the necessary staff to handle it during the health crisis.

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LAS VEGAS >> Casino mogul and GOP lead donor Sheldon Adelson fights cancer, but industry analysts and his group, Las Vegas Sands Corp., announced today that the empire of the game that he had founded and that he had the necessary staff to handle it during the health crisis.

Their comments came a day after the company revealed that Adelson was receiving treatment for non-Hodgkin's lymphoma. He is no longer in the company's offices in Las Vegas since Christmas Day.

Las Vegas Sands "has, in our opinion, one of the deepest, if not the deepest, benches of destination regional operators," said a Stifel analyst in a research note. They added that they "believe society stays in very good hands."

Thursday's announcement on Adelson's state of health was made following statements by a Sands lawyer at a hearing earlier this week, qualifying Billionaire's health of "terrible". The company said the side effects of the drugs had prevented it from traveling or keeping its normal office hours. his functions as President and Chief Executive Officer.

It is not known what treatment is given to Adelson, 85 years old. Treatment for non-Hodgkin's lymphoma may include chemotherapy, radiation therapy, and bone marrow transplantation.

The Securities and Exchange Commission does not require companies to disclose executive health issues. The company today told the Associated Press that it was doing everything that was asked of a publicly traded company.

"Mr. Adelson himself has said for many years that he was not directing daily operations," said Las Vegas Sands spokesman Ron Reese, adding that these responsibilities rested with the president and chief of The company's operation, Robert Goldstein, and Patrick Dumont, executive vice president and chief financial officer, are considered to be the company's main visionary and strategist, Reese said.

Goldstein and Dumont, who is also Adelson's son-in-law, have met the casino mogul as recently as today, Reese said.

Sands shares plunged about 1.7% in moderate trade today.

Most experts in corporate governance believe that leaders have the right to privacy, especially with respect to their health. But some say it would help end the stigma of occupational diseases on other leaders and workers. Senior executives also need to consider their role as managers when evaluating personal information that they disclose – first to their boards of directors, then to their workers and to to the investment community as a whole.

Adelson is the largest shareholder in Las Vegas Sands and regularly participates in the company's performance appeals, but was absent when he released his results on Jan. 23. Goldstein said at that time that Adelson was "a little under the weather".

Adelson is one of the country's most influential GOP donors, hosting the party's most ambitious candidates in his Las Vegas Strip office. The billionaire and his wife, Miriam, donated $ 30 million to President Donald Trump's campaign in 2016. They then donated $ 100 million to the Republican Party for the 2018 mid-term elections.

He was photographed in mid-November at the White House, when Trump recognized to Miriam Adelson and other Americans the Presidential Medal of Freedom, the highest honor the nation reserves for a civilian.

He was scheduled to testify later this year in a civil case in Las Vegas brought by Hong Kong businessman Richard Suen and his company, Round Square Co. He had testified in 2013 and 2008 in the two previous trials.

The judge in the case today ruled that Adelson did not have to testify in court or to testify.

Suen sought compensation because he said he helped Sands secure his business in the Macau Chinese Games enclave. Sands explained that Suen had not helped get a crucial approval for the construction of casinos in Macau and that he deserved nothing.

Macau now supplies the profits of three of the four largest US casino operators, including Sands. Adelson and other companies will soon be competing for licenses to operate casinos in Japan.