Gambling’s role in the entertainment industry is a storied subject with countless heroes. As the field progresses and more casinos open and close on a daily basis, some names prove what it takes to stand the test of time. The purpose of this article is to showcase who the faces of gambling-related entrepreneurial success are.
The idea behind the casino industry is more than providing games of luck. It’s about offering a fully-fledged entertainment experience, preferably in luxurious conditions. While many of today’s casinos are owned by corporations, many of the household brands were the vision of industry leaders with dreams and big ideas.
Many of today’s casinos have also been branching out into the online realm, increasing the wealth creation opportunities for the names we’re about to showcase. The boons of the digital gaming experience have been attracting customers worldwide due to factors like accessibility, casino bonus codes, convenience, and other aspects. The results led to a significant rise in the net worth of some of the business moguls featured on this list.
Now that we’ve set the stage, let’s see who the titans of the casino industry are and how they got to this point!
While Mr Sheldon Adelson is no longer with us, his influence on the casino business is still felt to this day. His work in the casino industry shows that real estate development is as much of an important factor as offering gambling services.
His start in life began in 1933, the year of his birth, in Boston, MA. He grew up in a simple family of Jewish and English ancestry. The first part of his life proves that the path towards wealth has many trials and tribulations. His career as an entrepreneur began with various business and wealth cycles.
His big break was the first of his numerous business achievements: the COMDEX trade shows. He later managed to see his share for more than $500 million, building up a significant amount of money that he would later invest into the gambling industry.
Sheldon Adelson’s story in the casino business started in 1988 when he and his partners became the owners of the Las Vegas Sands Hotel. The first of his casino assets became the name of the corporation he led in this casino venture.
Starting in the 90s, Adelson’s company oversaw the construction of household casinos like The Venetian and The Parisian in Las Vegas. His portfolio also extended to Asia, spearheading the construction of the Marina Bay Sands in Singapore and the Sands Macao in China’s specially-administrated zone.
The Wynn couple are also household names in this business. Steve Wynn, raised in The State of New York in a Jewish family, grew up as the son of a bingo parlor chain owner. He began adulthood by receiving a BA in English literature from the University of Pennsylvania (part of the Ivy League).
His start in the casino industry was very early, taking over his bingo family business despite his position at the Yale Law School. At age 25, he moved to Las Vegas and entered the casino world in 1967, when he became a minority owner of the Frontier Hotel and Casino.
It was 4 years later when he became a majority owner of the Golden Nugget, a mainstream name to this day. He branched the brand out in Atlantic City, but his main focus remained in Las Vegas. Other of his recognizable projects were The Mirage, The Bellagio, and even Treasure Island.
Some of his subsequent casinos were in Macau, Massachusetts, not to mention his Wynn Resorts. Though he stepped down as CEO in 2018, he remains a legend in the industry.
Lui Che Woo
Our last inclusion in this list is Lui Che Woo, a Hong Kong magnate and one of the most successful entrepreneurs in Asia’s casino field. His beginnings are quite humble, managing to emerge as a business luminary in post-war Hong Kong.
Nevertheless, his ascension is a fantastic tale of ascension. He made his fortune in the construction materials field, later branching out his business strategies into hospitality and property development. His business interests expanded from Hong Kong to Mainland China.
He currently has the distinction of being the wealthiest person in the casino entertainment game. However, he began his ventures into this fascinating field at age 72. He started and entered the Macau gaming scene in 2002. The Galaxy Macau hotel and casino, partnered with similar properties in Cotai, is his crown jewel.
Business success requires a lot of diligence and perseverance. The people we’ve showcased today prove this with their life stories. Making smart decisions despite hoping to get your big break is a principle that applies to gambling as well. In conclusion, adopt this attitude in your gaming life and always remember to play responsibly!