The wealthiest people in the gambling business

Every year, the editors of Forbes magazine publish the top wealthiest people in the world. It includes major corporate owners and investors and describes their success stories. The number of rich people is increasing every year. They earn their capital not only in the business sphere, which concerns the sale of goods, their production or the service sector. Now some people earn their capital from entertainment. The recreation sector attracts new investors, because people need rest and are always ready to spend honestly earned money in order to have a quality rest. We can combine relaxation, excitement and the desire to get additional profit and remember about gaming activities.

The gambling industry is no exception, with the help of which such business sharks as Sheldon Adelson, Johan Graf, Lui Che Woo, Mark Sheinberg, Han Chan-Woo, Denise Coates, Pansy Ho, Kunio Busujima, and others made their fortunes. We will talk about some of them in more detail. Everyone has a chance to become a shark in the gambling business. Try your luck and visit sites such as 1win.

Here you will not only relax and take a break from everyday work, but you will also be able to get additional profit. Gambling has always attracted many people who do not want to just waste money on empty entertainment, because only here you can get an adrenaline rush, play your favorite card game, find new friends, and receive a bonus in the form of a large sum of money.

Wealthiest people in the gambling business

Sheldon Adelson is the undisputed leader of gambling

The leader in the Forbes list among the wealthiest people in the gambling business for decades has been American Sheldon Adelson. His fortune at the end of 2018 amounted to more than $38 billion due to his ownership of the Las Vegas Sands casino.

Sheldon was born in 1933 to a poor Jewish family who moved to the suburbs of Boston. He worked as a newspaper street vendor, entrepreneur, broker, financial consultant, and expert, creating over 50 companies. He devoted his life to studying the nature of gambling, as well as searching for new entertainment for those who like not only to spend money, but also to earn money. Only a smart and rich person is able to build a gaming empire that will attract so many people who want to try their luck.

In the 1970s, Adelson began organizing trade shows in Las Vegas, creating the famous annual IT industry trade show Comdex. At the end of 1988, Sheldon decided to buy the legendary casino «The Sands Hotel & Casino». He quickly found partners, and in 1989, he built the exhibition center, «The Sands Expo Convention Center,» not far from the Sands Hotel. This step strengthened the position of Sheldon Adelson.

Las Vegas Sands is the largest casino operator in the United States.The American government came up with a great option when it decided to create a separate gaming area in an unpretentious desert city. Las Vegas is located in the desert and such a harsh climate contributed only to downtime. However, when a whole gaming community was created here, this city became known all over the world. Neon signs, expensive hotels and apartments, as well as the opportunity to play your favorite games at any time of the day have made this city a place of attraction for tourists from all over the world.

It is not surprising that Sheldon has learned almost everything about gambling. Thanks to him, the Las Vegas Sands corporation now includes the following objects:

• Sands Expo & Convention Center;
• The Venetian Las Vegas (remodeled 1990 The Sands Hotel & Casino);
• Sands Macao;
• The Venetian Macao (a copy of The Venetian Las Vegas with an area of 51,000 m2, included in the Guinness Book of Records as the largest casino in the world). The gaming area itself is located in a 225-meter skyscraper and is divided into four sections with 3,400 slot machines and 800 tables;
• The Palazzo Las Vegas and other gaming and real estate properties in Las Vegas, Singapore, and Macau have an average annual revenue of $13 billion and a total enterprise value of more than $54 billion.

Sheldon Adelson

Lui Che Woo and his love for casinos

Chinese Lui Che Woo has a net worth of about $14.5 billion and was among the top 100 rich people in Forbes at the beginning of 2019. At the same time, Lui Che Woo tried to open enterprises in various industries. Still, recently, he received his main profit from the Galaxy Entertainment Group, which managed hotels and casinos in Macau.

The first significant business that allowed him to earn start-up capital for Lui Che Woo was the sale of building materials. In 1955, the businessman already organized his company, «K.Wah.» In the 1980s, Lui Che Woo began to engage in the hotel business, and in 2002, he decided to go into the gambling business and chose Macau. The «Galaxy Entertainment Group» began to build an entire gaming city and is one of the six world gaming developers. Lui Che Woo presented his most ambitious project to the world, known as the «Galaxy Macau» casino resort, in 2011.

As you can see, the gaming industry may not stop at creating just one gambling establishment. The roulette room can turn into a whole building with various monetary entertainments, and as a result there is always the opportunity to create your own empire. This is not to say that entrepreneurs are not similar to those who bring them money. After all, any business and trying a new strategy is an even greater risk than a small bet at the end of the day.

It was the risk and desire to earn income that prompted these men to take the first step to gain such significant capital and world fame. All major businessmen are gamblers who have lost their chances more than once, but thanks to constant passion and well-developed strategy they managed to create their own empire. You can also achieve success if you are not afraid to take the first step.