LAS VEGAS (AP) - Casino magnate and major GOP donor Sheldon Adelson is battling cancer, but industry analysts say the company he founded and helms has the personnel to guide it through the health crisis.
Las Vegas Sands Corp. says the 85-year-old Adelson is receiving treatment for non-Hodgkin's lymphoma.
The announcement came after Sands attorney James Jimmerson in a court hearing earlier in the week described the billionaire's health as "dire" and that Adelson has not been at his company's offices in Las Vegas since around Christmas Day.
Analysts with Stifel say Sands "remains in incredibly good hands" with executives who make up "one of, if not the, deepest benches" among casino operators.
Sands' stock dipped about 1.5 percent in moderate trading Friday.
Casino magnate and GOP donor Sheldon Adelson is not in good health and has not been at his company's offices in Las Vegas since around Christmas Day.
Adelson's poor health was revealed earlier this week by one of his company's attorneys during a court hearing in a years-old case brought by a Hong Kong businessman.
Las Vegas Sands Corp. on Thursday did not immediately respond to a request for comment.
Attorney James Jimmerson told the court the condition of the 85-year-old billionaire is dire.
Adelson and his wife gave President Donald Trump's campaign $30 million in 2016 and gave $100 million to the Republican Party for the 2018 midterm elections.
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