At the height of the economic downturn shares in Las Vegas Sands dipped by as much as 80%. Through those tough times however Sands CEO, Sheldon Adelson resisted refinancing the company's debt and insisted Sands shares would rebound eventually. Adelson over the past few years has also invested heavily in his properties in Asia beating other American casino moguls were reluctant about entering the Asian market at first. Shares of Sands did eventually come back and the Asian market has since expanded greatly making Adelson a dominating force.
Forbes Reporter, Steven Bertoni's recent cover story chronicles Adelson and Sand's rough ride through the recession and tells the history of how the poor kid from Boston now dominates the U.S. and Asian gaming markets. Bertoni joins us to tell the story.
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Steven Bertoni, writer, Forbes