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Billionaire Miriam Adelson's Casino Dreams Crumble Amid Competition

4/30/2025

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Summary

Story summary

Miriam Adelson, a billionaire and staunch Trump supporter, has hit a rough patch. Her ambitious plans for a New York casino crumbled as Las Vegas Sands withdrew, stifled by fierce online gambling competition and political hurdles. Governor Kathy Hochul's opposition and a crowded field of high-profile bidders dashed her hopes, signaling a tough turn in her fortunes.

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Story summary

Miriam Adelson, a billionaire and staunch Trump supporter, has hit a rough patch. Her ambitious plans for a New York casino crumbled as Las Vegas Sands withdrew, stifled by fierce online gambling competition and political hurdles. Governor Kathy Hochul's opposition and a crowded field of high-profile bidders dashed her hopes, signaling a tough turn in her fortunes.