Adelson was Sands’ first employee, which has since grown to 50,000 employees.
“His impact on the industry will be everlasting,” the company said.
Adelson’s funeral will be held in Israel, the birthplace of his wife, Dr. Miriam Adelson. Plans for a memorial in Las Vegas, where he ran the Venetian and Palazzo casinos, will be held at a later date.
The couple is a friend of President Donald Trump, who also owns a resort in Las Vegas. Trump gave Adelson’s wife a Presidential Medal of Freedom award in 2018 for establishing research centers committed to fighting substance abuse.