Have you ever gone home with a
lighter wallet after a trip to Las
Vegas? You're not the only one.
In fact, one man has watched
nearly $10 billion of his Vegas
fortune vanish in 2014.
Source: Flickr user Stuart
Richards.
The man
Sheldon Adelson is the Chairman
and CEO of Las Vegas Sands
(NYSE: LVS ) a $45 billion firm
that operates "integrated
resorts" -- casinos with hotels,
event spaces, and countless
other amenities -- like the
Venetian Las Vegas, Marina Bay
Sands in Singapore, the Venetian
Macao, and many others across
the globe.
But Adelson didn't start life in the
lap of Las Vegas luxury. In 1933,
he was born in Boston and was
raised in a one-bedroom
apartment that his parents and
three siblings shared. His father
was a cab driver, and his mother
ran a small knitting shop.
From an early age, Adelson's
entrepreneurial ambition kicked
in, and he began selling
newspapers on the corner of a
Boston street when he was just
12 years old. Upon graduating
high school he joined the Army,
and then he slowly but surely
navigated the business world
until he bought the Sands Casino
in 1989 for $128 million after
hosting the Comdex computer
convention there for years. Then
in 1996, he began building the
Venetian, and the rest, they say,
is history.
The no-good year
But 2014 hasn't been the best of
years for Adelson.
Las Vegas Sands has watched its
stock plummet by nearly 30% on
the year thanks
to declining revenue in Macau
(essentially the Las Vegas of
China) resulting from heightened
government regulation. This has
led many to question the long-
term viability and growth
potential of the company.
As a result, Adelson has seen
nearly $10 billion of his net
worth vanish, according to the
Bloomberg Billionaires Index.
But this hasn't been the first time
Adelson has faced adversity. At
the height of the financial crisis
in 2009, Adelson's net worth fell
from $28 billion to $3 billion as
Sands amassed $10 billion in
debt to finance more than $19
billion of expansions in Vegas,
Macao, and Singapore during
2007.
The market crashed soon
afterward, and the stock price of
Las Vegas Sands plummeted by
more than 99% from its peak in
October 2007:
It even took $1 billion of
investments from Adelson's
personal cash pile to ensure Las
Vegas Sands would remain
afloat.
In a few years' time, the
economy rebounded, and
Adelson's company watched its
stock price soar nearly 7,000%
over the five-year period from its
low in March 2009 to its peak in
March of this year.
While Las Vegas Sands remains
down from its peak, the reality is
that Adelson's wealth still stands
at a staggering $27 billion,
making him the 23rd-richest
man on the planet.
The years to come
So what does the future hold for
Sheldon Adelson and Las Vegas
Sands? Only time will tell, but as
fellow Motley Fool contributor
Dan Caplinger notes, all signs
indicate that an investment in the
company is anything but a
gamble, and it presents a
compelling investment case.
And when you consider that
Adelson has been through this
before, he's a tough man to bet
against

Source: http://www.fool.com/investing/general/2014/12/27/1-man-loses-10-billion-in-las-vegas.aspx

you win some and lose... He lost so much though.

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Wow... This is actually one of the reasons why I will never go to Las Vegas in my life. Even though I don't have such large amounts of money, I don't want to lose what I have. Especially considering the fact that I'm quite a gambler. I'm afraid if I lose there once, I'll be unstoppable. When I play on the Internet, for example in fairspin.io I don't feel that way. I just relax sitting at home. But once I get into that Vegas vibe... I'm afraid this will be the last day of my financial well-being, lulz.

https://www.youtube.com/watch?v=swWuYgohYEE