Drops in stocks translate to drops in fortunes

Thu, Feb 7, 2008 (11:05 a.m.)

Billionaire casino investors have had their fortunes considerably reduced due to drops in share values.

October marked a high for casinos, but that is no longer the case. Sheldon Adelson, the chairman of Las Vegas Sands has had the value of his shares drop by $10.8 billion. Kirk Kerkorian, majority shareholder of MGM Mirage, lost $4.6 billion and Steve Wynn's stock holdings have declined by $1.4 billion.

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