Adelson Family Withdraws From Las Vegas NFL Stadium Project

The family of Las Vegas Sands Chair & CEO Sheldon Adelson "has withdrawn as investors" in the Raiders' proposed 65,000-seat, $1.9B NFL stadium. Adelson in a statement said the family "will no longer be involved in any facet of the stadium discussion." Adelson added that he was "surprised by the Raiders’ submission of a proposed lease agreement to the Las Vegas Stadium Authority on Thursday, noting that it has 'sent shock waves through our community.'" The Raiders in their own statement said of the Adelsons, "This project could not have advanced to this point without them" (LAS VEGAS REVIEW-JOURNAL, 1/31).