Brian Sandoval

Sheldon Adelson exits deal to help fund stadium for NFL's Raiders in Las Vegas

Sheldon Adelson exits deal to help fund stadium for NFL's Raiders in Las Vegas

Billionaire casino magnate Sheldon Adelson abruptly pulled out of a deal to help fund a $1.9-billion stadium for the Oakland Raiders in Las Vegas and threw into question the financing behind the team’s possible relocation.

Adelson, who had earlier pledged $650 million toward the project, said in a statement Monday that he will “no longer be involved in any facet of the stadium discussion.”

“It’s clear the Raiders have decided their path for moving forward to Las Vegas does not include the Adelson family,” the statement said.

The withdrawal is the latest twist in the NFL’s ongoing relocation saga and comes less than three weeks after the Chargers announced they will move...

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