Casino City Times, 19 Jan 2009, Liz Benston
LAS VEGAS, Nevada -- Las Vegas Sands was once the envy of Wall Street. In fall 2007, with seemingly unlimited growth prospects in Macau, the most lucrative gambling market in the world, the company's share price topped out at nearly $150.
Founder and Chief Executive Sheldon Adelson's personal fortune rose with the company's. On the strength of his stake in Las Vegas Sands, his net worth reached an estimated $28 billion, according to Forbes' list of richest Americans in 2007.
But then came the fall, a drop so fast and long that even in this era of suicidal reversals on Wall Street, Sands stands out.
Read More
