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Sheldon Adelson Vehemently Denies Rumors Of Retirement

Whatever you think of casino Mogul Sheldon Adelson there is no denying that despite being 80 years old he is not showing any signs of slowing down. In fact his casino empire has grown substantially in the last few years especially in Macau and Adelson himself has never been so active. Whether politically or with his Coalition to Stop Internet gambling the old war horse is still as controversial and active as he has ever been.

This was not more apparent than when the Sands chief operating officer Michael Leven announced his retirement after being involved in the hospitality industry for over 50 years. Leven who is 76 years old announced that he will retire at the end of 2014.

This move by Leven set rumors spreading that Adelson himself will follow suit and retire. In typical Adelson style he jokingly quoted Mark Twain and said that “the rumors of his demise were greatly exaggerated”. The fiery CEO of one of the most powerful gaming companies on the planet was defiant and said, ”I am as bullish about this company as I’ve ever been, and I have no plans of slowing down or passing the CEO title or job to anyone.”

Adelson went on to say that they have momentum on their side especially in the past few years and he intends playing a central role in working with governments, driving financial results and opening up new markets.

Adelson was quick to praise Leven for his “tireless work and dedication” since taking on the COO role on 2009 which helped the Sands group achieve unprecedented success. Leven’s successor will be overseen by a board-led committee. Leven himself was equally graceful to Adelson and said, “I’m grateful to Sheldon and his family for allowing me to help him lead the company during such a tremendous period of growth.”

Author: Victor

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