Jewish mogul Sheldon Adelson pitches $8 billion casino to Brazil

Adelson has long spoken of Brazil, calling the country a “potentially very good opportunity,” although he expressed some reservations regarding the economy.

By JTA
May 11, 2017 15:24
1 minute read.
Sheldon Adelson

Las Vegas gaming tycoon and Israel Hayom proprietor Sheldon Adelson. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

RIO DE JANEIRO — American Jewish billionaire Sheldon Adelson met with Brazilian President Michel Temer and several government officials to pitch an $8 billion casino project in Rio de Janeiro.

Adelson’s visit this week raises rumors of imminent gambling law approval in Latin America’s largest nation, where it has been outlawed for the last 70 years.

The casino magnate and major donor to Jewish causes also met Israel’s new ambassador, Yossi Shelley, and Israel’s honorary consul in Rio, Osias Wurman, during a meeting led by Rio’s Mayor Marcelo Crivella at the city government headquarters.

“He is known to be the biggest individual sponsor of the Taglit Birthright project and showed interested in knowing how many youths from Rio and from across Brazil go to Israel on the project every year,” Wurman told JTA.


On Wednesday, O Globo newspaper reported that Adelson met the mayor of Brazil’s second largest city to discuss tourism. The subterfuge is necessary because Brazil has yet to legalize casino gambling, reported the CalvinAyre.com news website devoted to on-line gambling.

Adelson has long spoken of Brazil, calling the country a “potentially very good opportunity,” although he expressed some reservations regarding the economy and called for infrastructure upgrades, including more 4- and 5-star hotels.

“Visionary, Adelson wants to be one of the first entrepreneurs to conquer the country’s gaming market and also bring his casino brand,” reported the Games Magazine website. “The approval of a consistent law could make Brazil the third best market for the group, after Las Vegas and Macau.”

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Jewish visitors pray in the synagogue in the village of Mad, Hungary, July 21, 2016. Picture taken J
February 23, 2019
Scammers steal $437K from synagogue renovation project in Hungary

By CNAAN LIPHSHIZ/JTA