Owners Honored by LV Jewish Community
VEGAS, NV --(BUSINESS WIRE)--Dr. Miriam and Sheldon G. Adelson
received the Founder's Award by Chabad of Southern Nevada on Sunday,
Dec. 10, 2000, at a gala honoring their innumerable contributions
to the Las Vegas community and to Chabad of Southern Nevada.
banquet was held at The Venetian
Resort-Hotel-Casino, which is the "heart and soul" creation
of the Adelsons. Mr. Adelson, chairman of Las Vegas Sands Inc.,
developed the $1.5 billion Venetian
Resort-Hotel-Casino, which opened in May 1999. As a prominent
entrepreneur, he is also the sole creator of COMDEX, the world's
largest trade show.
Shea Harlig commended the Adelsons for their unparalleled support
of Chabad, enabling the organization to expand and grow beyond its
wildest dreams. Dozens of elected officials, friends and businesses
from across the entire nation sent tributes expressing their admiration
and respect for the Adelsons.
only were the Adelsons commended on their stunning addition to the
Las Vegas Strip, but they were also recognized for opening and operating
two drug abuse clinics -- one in Tel Aviv, Israel, and one in Las
Vegas. As a specialist in Internal and Emergency Medicine, Dr. Adelson
has devoted her life to helping people overcome drug additions.
particular, the Dr. Miriam and Sheldon G. Adelson Clinic for Drug
Abuse Treatment and Research, located in Las Vegas, provides the
highest-quality and most compassionate care and treatment for people
suffering with serious drug dependency problems. The Clinic has
had a remarkable success rate in the short time it has been open
due, in large part, to the personal involvement by the Adelsons
in its day-to-day operations. (continued
VEGAS, NV - Anchor Gaming said December 18 it completed a
$66 million sale of its Sunland Park Racetrack & Casino in
New Mexico to the company's former chairman and founder, Stan
70, announced his resignation from the company September 25.
He agreed to assume the company's debt in the racetrack.
transaction also included the company acquiring 4.5 million
shares of stock from Fulton and members of his family for
a purchase price of $66.60 per share. The stock purchase transaction
closed on October 17, the effective date of his resignation.
was replaced as board chairman by T.J. Matthews, who also
serves as chief executive officer.
$306 million purchase consisted of $240 million in cash and
$66 million of the racetrack's debt. The deal received the
necessary regulatory approvals.
company also announced it expects imminent closing of the
sale of its 25 percent interest in a Massachusetts horse racing
facility to Fulton.
University of Nevada, Las Vegas International Gaming Institute
opened this year in the campus' Stan Fulton Building.
Gaming shares were down $1.50 Monday, closing at $32.
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