Big bets, big risk for self-made casino mogul

01/18/2009 | Las Vegas Sun

Sheldon Adelson, the son of an immigrant cab driver, built his fortune by luring trade shows to Las Vegas, defying the conventional wisdom that Sin City was no place for business. By 2007, when he opened the world's largest resort in the Chinese gambling mecca of Macau, Adelson's net worth was estimated at $28 billion. Since then, the global economic collapse has driven his company to the brink of bankruptcy and shaved 90% off its stock price. Even so, some analysts are betting the feisty entrepreneur can defy the odds once again.

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