Adelson pulls plug on investment in proposed Las Vegas stadium

Las Vegas Sands CEO Sheldon Adelson pulls out as an investor of a new domed stadium that could bring the Oakland Raiders to town. Adelson had pledged $650 million and says he wasn’t involved in any lease agreement talks. In a statement, Governor Sandoval called the situation “unfortunate.” The state is still planning to fund its contribution of the stadium-but won’t fund any increases. Sandoval says he hopes the Raiders are looking at securing additional funds for the $2 billion venture. A site for the stadium hasn’t yet been selected.