Sands suspends dividend, Adelson vows his catchphrase will return

Casino titan Sheldon Adelson is being robbed of his signature catchphrase thanks to the COVID-19 pandemic.

On Friday, Las Vegas Sands issued a statement outlining its strategic priorities during the coronavirus pandemic, the impact of which chairman/CEO Adelson called “unprecedented, and I have never seen anything like it in my over seventy years in business.”

In keeping with Sands’ recent decision to continue paying its furloughed staff in Las Vegas, Adelson said the company’s “greatest priority during this difficult time remains our deep commitment to supporting our team members and assisting each of our local communities of Macao, Singapore and Las Vegas.”

Sands shut its Vegas casinos in mid-March, while on April 7 its Marina Bay Sands resort in Singapore was ordered to close for a month. Sands China’s Macau casinos have reopened since their 15-day shutdown in February, but Macau’s market remains a shadow of its former self.