Sheldon Adelson Tops The List of Gaming Billionaires
There are few more powerful in the gaming industry that mogul Sheldon Adelson. Yet at the same time he is under fire from many critics for both his political views as well as his stance on the expansion of online gambling in the U.S. Many point out his outright hypocrisy when it comes to the millions he spends on lobbying to get online gamb9ing banned in the U.S. To most it is clear that the Adelson is simply looking to protect his fortunes which are made up of mainly land based casinos.
His claims that he is concerned that online gambling will cause problems in society and lead to addiction problems. His fortunes that he has made in the casino industry have once again confirmed his position as top spot in Forbes Magazine’s list of wealthy gaming investors.
His net worth is estimated at $38.5 billion which marked an increase of $8.1bn year-on-year in 2017. Adelson who head of the ands Group is way ahead of the next gaming billionaire to make the list who is the founder of Macau- based Galaxy Entertainment Group Lui Che Woon who is worth an estimated $20.1 billion which is an increase of $12.1 billion year-on-year.
Founder and CEO of Novamatic Johan Graf is in the third place with an estimated $8.1 billion. Other notables include Kames Packer who is the main shareholder of Crown resorts Ltd with $4.1 billion. Steve Wynn of Wynn resorts has an estimated value of $3.4 billion and Playtech founder Teddy Sagi is worth an estimated $3.4 billion.