Sheldon Adelson was a casino tycoon who built the Sands Casino in Las Vegas and then several other casino resorts in Singapore and Macao. had $2.8 billion in revenue in the third quarter of its fiscal year alone. She is one of the richest people in the world Forbes named her the 35th-richest this year and the fifth-richest woman, with an estimated net worth of $32.3 billion. “We have been advised by the Selling Stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals,” Las Vegas Sands said in the SEC filing.Īdelson is the largest shareholder in Las Vegas Sands Corp., which was formerly owned and run by her late husband, Sheldon Adelson. This is approximately 10 percent of her stake.

announced Tuesday in a SEC filing that Adelson was selling $2 billion worth of stock in the company to put towards buying a majority stake in a sports franchise, along with her own cash.

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