Las Vegas Sands CEO Adelson says Macau gaming market near bottom, sees 2016 turnaround

Dec 18 Gambling giant Las Vegas Sands Corp’s Chief Executive Sheldon Adelson said on Friday that a long-term slide in Macau’s gaming market is close to bottoming out, with a turnaround in sight in 2016 after 18 consecutive months of declines. “We are at the beginning of the shift in the cycle from a recession-type economy to a bottoming out, and I think the economy and Macau’s fortunes will turn around,” said Adelson, head of the world’s biggest gambling company by market value.