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Las Vegas Sands’ Adelson Earns $1.2 Billion From Dividend

Las Vegas Sands Corp., the casino company led by billionaire Sheldon Adelson, voted a special dividend that will pay its controlling shareholder about $1.2 billion before an expected increase in federal taxes.

The Las Vegas-based company will pay the $2.75-a-share dividend, its first such distribution, on Dec. 18 to investors of record on Dec. 10, according to a statement yesterday. This month, the company also raised its regular annual dividend by 40 percent to $1.40 a share. The stock rose the most since July.