Behind every billionaire there is a story!

Las Vegas Sands’ Adelson Appointed to U.S. Trade Committee

Billionaire casino executive Sheldon Adelson has parlayed his company’s massive investments in China into a four-year presidential advisory position with the U.S. Trade Representative office.

The appointment to the Advisory Committee for Trade Policy and Negotiations comes as his company, Las Vegas Sands, is following through on plans to invest some $13 billion in the Chinese gambling enclave of Macau.

Adelson is a heavy Republican supporter. He met with U.S. Trade Representative Susan Schwab at The Venetian casino to discuss the appointment Monday.

Adelson said governments in China and Singapore, where the Sands is building convention centers and casino-resorts, have been “very cooperative.”

But the chief executive relished the thought of attempting to influence China to ease controls on its yuan, which the United States views as undervalued.

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http://www.lasvegasnow.com/global/story.asp?s=7591137