No Dividends, No Problem: Trump Megadonor Sheldon Adelson Has Given At Least $180 Million This Year, Despite Troubles At His Company

illionaire Las Vegas Sands chairman and chief executive Sheldon Adelson has a catchphrase he likes to say during his company’s quarterly earnings calls: “Yay, dividends!” However, Adelson hasn’t been able to use that favorite phrase since January, weeks before the Covid-19 pandemic brought his gaming and resort empire to a grinding halt.

At the Las Vegas Sands properties on the Strip, revenue declined 63% in the third quarter compared to a 92% decrease the quarter prior.Adelson has come a long way, from sleeping on the floor of a Boston tenement as a child to running a newspaper stand to starting the Comdex technology conference to becoming the biggest casino magnate in the world.

Since then, Adelson has continued to rake in enormous amounts of cash from Las Vegas Sands, of which he owns a majority stake. Like clockwork, he collected between $90 million and $260 million in dividends four times a year for eight years. Adelson also received a special dividend payment in December 2012 of $1.2 billion, before taxes.

they disclosed spending about $82 million. The Adelsons, who were not early supporters of Donald Trump, eventually ponied up $20 million toward the pro-Trump super-PAC Future45 in September and October 2016.

That's a good example to other firms which dodges to pay tax revenue.

Don't be jealous! Pursue the American dream, and perhaps some day, you may be richer than him.

Nigeria government are killing the great youths of this country come and help us from me Darlington obiora president of the global youths convention world wide

Why would a Jewish billionaire financially support a racist white supremacist President who has defended neo-nazis actions against racial minorities?

😡

وَإِذْ قُلْنَا لِلْمَلَائِكَةِ اسْجُدُوا لِآدَمَ فَسَجَدُوا إِلَّا إِبْلِيسَ أَبَىٰ ﴿٣٤ البقرة﴾ رسول_لله من كتاب لله المقدس في الارض 🌍 🏳️🏳️🏳️🏳️ أبليس لا يليق بك 💡

This guy is looney. So is his wife. I personally worked for him and know first hand. He is laying off employees but can donate to Trump. Come the fuck on. What a waste.

And these are the people that run the country ultimately.

I smell a potential government bailout coming!!!😡🤑

Karma will get him, hoping he loses everything. I mean everything

Money well spent.... A Biden 'presidency' would be disastrous for the entire universe

For what. Someone who couldn't care less about his company. Do me a favor but...it sucks being you if you go down.

Does he tint his hair with shit ?

How do we still refer to the US as a democracy 🤷‍♀️

stop supporting his businesses

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