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Casino billionaire Sheldon Adelson has withdrawn his investment in the proposed Las Vegas stadium that is set to house the Oakland Raiders, Richard N. Velotta of the Las Vegas Review-Journal reported Monday.
Adelson, who is chairman and CEO of Las Vegas Sands Corp., said he and his family "will no longer be involved in any facet of the stadium discussion."
Vic Tafur of the San Francisco Chronicle shared a statement from the team:
As John Breech of CBSSports.com noted, Adelson was expected to contribute as much as $650 million toward the construction of the $1.