02/22/2012 – If anyone who is anyone asked about billionaire Sheldon Adelson 4 years ago, they would tell you that he is the American billionaire, owner of the Venetian Hotel in Las Vegas who went from being worth $28 billion to $3 billion dollars. 

Today, he is known as the comeback kid and today is once the cover of Forbes magazine but this time, in a good way.

This is all thanks to his $12 billion investment in four casino projects three years ago on the Chinese island of Macao which is known to many as a gambling haven.

This investment on the part of Adelson has placed him as the biggest foreign investment in Macao and placing his company, Las Vegas Sands at double the value of MGM and Wynn combined!

The most extraordinary feat was that his net value increased in such a short amount of time.  We are talking a 3,700% stock increase in 3 years.

It all began in 2004 when Adelson was one of two companies to receive a license to operate in Macao.  He quickly built a 50 room casino that within two years, began to make a profit.  This in turn led to Adelson taking a risk on a small a reclaimed isthmus called Cota which was pretty much a bunch of wet dirt.

At this point, the economy turned south and it looked like his project of creating a Las Vegas style strip would go bust under it's debts.  Many people theought he was crazy but Adelson kept the faith in his project and today, Cota is a great success with its own strip mall and more.

Who says that gambling doesn’t pay…

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