Las Vegas Sun

May 4, 2024

Drops in stocks translate to drops in fortunes

Billionaire casino investors have had their fortunes considerably reduced due to drops in share values.

October marked a high for casinos, but that is no longer the case. Sheldon Adelson, the chairman of Las Vegas Sands has had the value of his shares drop by $10.8 billion. Kirk Kerkorian, majority shareholder of MGM Mirage, lost $4.6 billion and Steve Wynn's stock holdings have declined by $1.4 billion.

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