Sharks Of Gambling Industry. Part 1.

Behind the happening of gambling sector, you will find definite people. The approach to them is ambiguous. Many people consider them to be talented businessmen, respect them and learn from them. Undoubtedly is only one thing – these people are extraordinary, generally venturesome, but in precisely the same time they have business acumen, feel the needs of time, they are able to accurately estimate the capacity of their future enterprises. Particularly such folks gain millions of dollars from gambling sector.

Sheldon Adelson currently he’s the wealthiest representative of the gambling sector. He owns the corporation “Las Vegas Sands”, which controls the casino hotel “Venetian” in Vegas and “Venetian” in Macao. The life span of Sheldon reminds of a classical story about an American dream. He needed to work since early childhood. He made his first money by selling papers on the roads. Practically without the education, the self-made check this out man Sheldon became among the best financiers in america. While working as financial advisor, he breathed new life into over 50 companies. The international show-exhibit of IT-technologies COMDEX was his brainchild. In 1995 he sold it to the Japanese for 860 mln dollars.

The businessman came to the gambling market in 1989 buying the casino hotel “Sands” in Las-Vegas, which was previously owned by Frank Sinatra. Comprehending that one more casino in Vegas is slight which is why relatively unprofitable, he decides to transform the capital of betting to the international business center, to be able to bring affluent entrepreneurs (potential players) to his casino. Within several years Adelson built the business centre “Sands Expo”. In 1991 he invested one and a half billion dollars for assembling the casino-hotel “Venetian”. The brand new casino was targeted not only at players, but also at businessmen who came to his new company center. As numerous experts admit, “Venetian” is among the very attractive casino-hotels in the world. There are more than 4000 rooms, 18 restaurants, a trade center (emporium), and all this is in the backdrop view casino website of Venetian channels, with gondolas sailing and gondoliers singing their well-known tunes. In 2004 Adelson opened the casino “Venetian” in Macao, the initial casino of Vegas type in Asia. In May 2006 he managed to have a permit for developing a casino in Singapore, that will presumably be opened in 2009. It is intended that more than 3 billion dollars will likely be invested into its building.

At this time, according to “Forbes”, Adelson’s fortune is 16.1 billion dollars, i.e. he’s number 14 in the world rating of the richest people of the planet.

Kirk Kerkorian. This amount of gambling business can be without exaggerations called the most experienced and advanced. He could be the living legend, one of the “fathers of Las Vegas”. Kirk was born in 1917 in the town of Fresno (California) in the family of Armenian emigrants. Upon returning to his birthplace, in 1947 he paid 60 thousand dollars and purchased a small air business that specialized on charter flights between La and Vegas. He discover more casino here left this business only in 1968, having sold it for 108 mln dollars. Often seeing Vegas, he realizes the huge possibility of this city. In 1962 Kirk buys 80 acres of land on the famous The Strip, not far from the celebrated casino “Flamingo”. The land at that time cost him 960 thousand dollars. The investment wasn’t vain, approximately only at that time there began the betting boom and a lot of firms became interested in gambling sector. The famous casino “Caesars Palace” is built on his land, which he allows on lease. In 1969 he sells it, having thereby brought in more than 9 million dollars.

In 1967 Kirk buys 82 more acres of the precious land and constructs “International Hotel”, which was the largest hotel in the world then. To be able to make the resort popular and attract potential players, Kirk hires Elvis Presley for concerts. At that time he also buys the casino Flamingo, which he resells in 1970 to the corporation Hilton. 1973 was critical for Kirk. He invested most of his assets into buying the film studio MGM and builds the casino-hotel MGM Grand below the brand of his new firm. Now this hotel becomes the biggest on the planet. In the moment Kirk Kerkorian owns the corporation Tracinda, which has the controlling stock of MGM Mirage (casino in Nevada, New Jersey, Macao etc). Kirk’s interests are not limited and then gambling business. All this permits him to be number 53 in the Forbes world evaluation, having the bundle of 8.7 billion dollars.