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Las Vegas Sands CEO and Chairman Sheldon Adelson is taking a leave of absence as he undergoes cancer treatment, the company announced Thursday.
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The 87-year-old billionaire, who was an early and major backer for President Trump, was previously treated for non-Hodgkin’s lymphoma in 2019. He recently resumed his treatment, according to Sands.
Robert Goldstein, Las Vegas Sands’ president and chief operating officer, will act as chairman and CEO of Las Vegas Sands and Sands China Ltd. during Adelson’s medical leave, the company said.
LAS VEGAS SANDS CORP
HOTEL OWNERS ARE STILL REELING FROM THE CORONAVIRUS PANDEMIC
Sands owns properties like The Venetian Resort and the Sands Expo & Convention Center in Las Vegas, plus several casinos and resorts in Macao through Sands China Ltd., in which it owns a majority stake.
Like many resorts and other businesses in the travel industry, Sands has taken a hit during the coronavirus pandemic. Its stock price is down about 18% from a year ago.