|Sheldon Adelson, the Chairman and Chief Executive Officer for Las Vegas Sands Corporation, could be about to become the next owner of London’s famous Les Ambassadeurs casino.|
According to media reports, Adelson is set to purchase the casino from its current owner, Indonesian billionaire Putera Sampoerna, for $146.5 million. In December, Sampoerna was reportedly considering a $185.6 million offer from Mike Ashley, the owner of Newcastle United Football Club and retail giant Sports Direct International, but Adelson claimed that he had a prior binding verbal agreement and threatened legal action.
Sampoerna purchased the former London Clubs International flagship for $224.7 million in early 2006 but with currency fluctuations the Adelson deal is currently worth only around $147 million.
Les Ambassadeurs is well known in the UK for being the scene of high-limit gambling and was the first location where Sean Connery portrayed the James Bond character in the early 1960s. It also featured prominently in a scene from the Beatles’ first film, 1964’s A Hard Day’s Night.