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Miriam Adelson slashed her philanthropy as casinos closed due to Covid. Now, her business empire is recuperating

(JTA) – The casino company controlled by Jewish megadonor Miriam Adelson is paying its shareholders dividends again, potentially paving the way to a rebound for the family’s foundation.
The Adelson Family Foundation — founded by Adelson and her late husband, Sheldon Adelson — has been a prolific giver to Jewish organizations, including Birthright Israel. The couple was also active in politics, supporting Republican campaigns. But after the casino industry flat-lined early in the pandemic, Adelson donations to charitable and political causes declined.
Assets held in the family’s charitable trust dropped from more than $200 million before the pandemic to $37 million in 2021 as it distributed money to the foundation and other causes without being replenished, according to records filed with the IRS.
The foundation’s grantmaking dropped to $80 million in 2021 from $100 million the year before and $117 million in 2019, according to IRS records. The foundation had only about $6 million in reserves at the end of 2021. More recent numbers are not yet available.
The dip in giving has had a significant impact. The Birthright program, for example, saw its funding from the Adelson Family Foundation cut by half in each of the past two years, with a corresponding drop in free trips for young Jews to Israel.
Now, Adelson’s business prospects appear to be improving. Her Las Vegas Sands Corp. announced that it would pay dividends to shareholders for the first time in more than three years as the company begins to recover from the pandemic-related downturn in global travel and hospitality. Adelson’s own personal payout is expected to be about $87 million for the quarter, a substantial sum but still a fraction of what she and her husband were regularly collecting before the pandemic.
It’s unknown whether or when the cash infusion will spell a restoration of funding for the various organizations that have seen a drop in support from Adelson over a period of several years, which has included Sheldon Adelson’s death at 87 more than two years ago. Adelson’s representatives said she is not giving interviews at the moment; Michael Bohnen, president of the Adelson Family Foundation, declined to comment.
The list of organizations that have been buoyed by Adelson’s support is long and varied. It includes right-wing advocacy groups like the Maccabee Task Force Foundation, which operates on college campuses; the Israeli-American Council and Zionist Organization of America; U.S. fundraising groups benefiting the Israeli military; the Yad Vashem Holocaust museum and memorial in Jerusalem; and the Adelson Family Campus, a large Jewish day school in Las Vegas, where Adelson lives.
Jonathan Sarna, a professor of American Jewish history at Brandeis University, said he is confident in the Adelson family’s commitment to the charities it has supported. “The Adelson family has played a pivotal role in Birthright Israel and in the organization of the large community of Israelis in the U.S. through IAC,” he said. “They have also contributed to countless other Jewish philanthropic endeavors, including Jewish day schools and the Jewish community of Las Vegas. I have no doubt that the family will continue its tradition of philanthropic generosity.”
Andrés Spokoiny, president and CEO of the Jewish Funders Network, said the Jewish philanthropic world doesn’t rise or fall because of any one donor, even a philanthropist as prolific as Adelson. “The funding landscape is diverse and there is no sense of dependence on a single donor,” he said.
The Adelson name is also big in Republican politics: The couple broke a record for the most donations in an election cycle in 2020, with almost $173 million in campaign contributions. But the 2022 midterm election saw the newly widowed Adelson give only a fraction of that, with no contribution at all to the Republican Jewish Coalition, whose top patron became WhatsApp founder Jan Koum, who gave a $1.35 million donation to RJC’s Super PAC.
The reinstatement of dividends was made possible by increased visitation to Sands casinos in Macao and Singapore in recent months, which generated revenues of $2.5 billion for the second quarter, double what they were a year ago. Executives at the company said business still hasn’t returned to pre-pandemic levels, suggesting room for further growth.
“In Macao, we were pleased to see the ongoing recovery now underway in all gaming and nongaming segments progress during the quarter,” Sands Chairman and CEO Rob Goldstein said during a conference call on July 19 with investors. “We remain deeply enthusiastic about the opportunity to continue our investments to enhance Macao’s tourism appeal to travelers from throughout the region, including to foreign visitors to Macao.”
As a result of Sands’ profitability, the company is paying shareholders a dividend of 20 cents per share. Adelson’s roughly 57% stake is valued at more than $35 billion, placing her among the 40 richest people in the world according to Forbes.
Under Miriam Adelson, Sands has been lobbying to legalize gambling in Texas and is pursuing a bid for one of three licenses to operate a casino in New York.
Sheldon Adelson, who founded Las Vegas Sands and served as its CEO as it grew into an international gambling and resort empire, died in January 2021, living long enough to see Sands revenues plummet because of Covid-related lockdowns. The following year, the company, now controlled solely by Miriam, sold its marquee Las Vegas properties, The Venetian and the Sands Expo and Convention Center, for $6.5 billion in a bet on its Asian casinos and resorts.
It’s not the first time the Adelson empire has faced and recovered from economic headwinds. Adelson had begun expanding in Asia ahead of the 2008 financial crisis, borrowing heavily to finance the construction of new casinos and hotels. The company had lost billions as a result of the timing and the Adelsons paused much of their giving for a few years.
Whether Miriam Adelson desires to shift philanthropic priorities following the death of her husband remains unknown. The 77-year-old, an immigrant to the United States from Israel and a naturalized American citizen, earlier this year criticized the judicial reform being pursued by the government of Israeli Prime Minister Benjamin Netanyahu, which was notable because of the Adelsons’ long-standing support for Netanyahu.
Compared to her husband, Miriam has kept out of the public spotlight, with a significant exception in 2018, when Donald Trump awarded her the Presidential Medal of Freedom, the nation’s top civilian honor. A profile of her in the Guardian shortly afterward suggested that she had been far more influential in the couple’s activities than many realized.
“Everybody says it’s Sheldon, but it’s Miriam,” Michael Cherry, a board member of the Las Vegas addiction recovery clinic that the Adelsons founded, was quoted as saying.
Together with her husband, Miriam was the largest donor to Trump’s 2016 presidential bid. But she has not yet announced support for Trump this time around as he seeks to win the Republican nomination and get reelected in 2024. Earlier this year, Trump’s rival, Florida Governor Ron DeSantis, was reportedly courting Adelson and other Jewish conservative donors. DeSantis and Adelson were seen seated together at a dinner in Jerusalem. But Adelson has reportedly said that she does not plan to make an endorsement in the primary.
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Iranian National Charged in Plot to Subvert US Sanctions Against Islamic Republic

Iranians participating in a memorial ceremony for IRGC commanders and nuclear scientists in downtown Tehran, Iran, on July 2, 2025. Photo: Morteza Nikoubazl via Reuters Connect.
Federal law enforcement officials have arrested an Iranian national after uncovering his alleged conspiracy to export US technology to Tehran in violation of a slew of economic sanctions imposed on the Islamic Republic, the US Department of Justice announced on Friday.
For May 2018 to July 2025, Bahram Mohammad Ostovari, 66, allegedly amassed “railway signaling and telecommunications systems” for transport to the Iranian government by using “two front companies” located in the United Arab Emirates. After filing fake orders for them with US vendors at Ostovari’s direction, the companies shipped the materials — which included “sophisticated computer processors” — to Tehran, having duped the US businesses into believing that they “were the end users.”
The Justice Department continued, “After he became a lawful permanent resident of the United States in May 2020, Ostovari continued to export, sell, and supply electronics and electrical components to [his company] in Iran,” noting that the technology became components of infrastructure projects commissioned by the Islamic Republic.
Ostovari has been charged with four criminal counts for allegedly violating the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR), under which conducting business with Iran is proscribed due to the country’s human rights abuses, material support for terrorism, and efforts to build a larger-scale nuclear program in violation of international non-proliferation obligations. Each count carries a 20-year maximum sentence in federal prison.
Ostovari is one of several Iranian nationals to become the subject of criminal proceedings involving crimes against the US this year.
In April, a resident of Great Falls, Virginia — Abouzar Rahmati, 42 — pleaded guilty to collecting intelligence on US infrastructure and providing it to the Islamic Republic of Iran.
“From at least December 2017 through June 2024, Rahmati worked with Iranian government officials and intelligence operatives to act on their behalf in the United States, including by meeting with Iranian intelligence officers and government officials using a cover story to hide his conduct,” the Justice Department said at the time, noting that Rahmati even infiltrated a contractor for the Federal Aviation Administration (FAA) that possesses “sensitive non-public information about the US aviation sector.”
Throughout the duration of his cover, Rahmati amassed “open-source and non-public materials about the US solar energy industry,” which he delivered to “Iranian intelligence officers.”
The government found that the operation began in August 2017, after Rahmati “offered his services” to a high-ranking Iranian government official who had once been employed by the country’s Ministry of Intelligence and Security, according to the Justice Department. Months later, he traveled to Iran, where Iranian agents assigned to him the espionage activity to which he pleaded guilty to perpetrating.
“Rahmati sent additional material relating to solar energy, solar panels, the FAA, US airports, and US air traffic control towers to his brother, who lived in Iran, so that he would provide those files to Iranian intelligence on Rahmati’s behalf,” the Justice Department continued. Rahmati also, it said, delivered 172 gigabytes worth of information related to the National Aerospace System (NAS) — which monitors US airspace, ensuring its safety for aircraft — and NAS Airport Surveillance to Iran during a trip he took there.
Rahmati faces up to 10 years in prison. He will be sentenced in August.
In November, three Iranian intelligence assets were charged with contriving a conspiracy to assassinate critics of the Islamic Republic of Iran, as well as then US President-elect Donald Trump.
According to the Justice Department, Farhad Shakeri, 51; Carlisle Rivera, 49; and Jonathan Loadholt, 36, acted at the direction of and with help from Iran’s Islamic Revolutionary Guard Corps (IRGC), an internationally designated terrorist organization, to plot to murder a US citizen of Iranian origin in New York. Shakeri, who remains at large and is believed to reside in Iran, was allegedly the principal agent who managed the two other men, both residents of New York City who appeared in court.
Their broader purpose, prosecutors said, was to target nationals of the United States and its allies for attacks, including “assaults, kidnapping, and murder, both to repress and silence critical dissidents” and to exact revenge for the 2020 killing of then-IRGC Quds Force chief Qasem Soleimani in a US drone strike in Iraq. Trump was president of the US at the time of the operation.
All three men are now charged with murder-for-hire, conspiracy, and money laundering. Shakeri faces additional charges, including violating sanctions against Iran, providing support to a terrorist organization, and conspiring to violate the International Emergency Powers Act, offenses for which he could serve up to six decades in federal prison.
Follow Dion J. Pierre @DionJPierre.
The post Iranian National Charged in Plot to Subvert US Sanctions Against Islamic Republic first appeared on Algemeiner.com.
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Kosher Israeli Restaurant Vandalized in Athens Amid Surge in Antisemitic Attacks Across Europe

A man waves a Palestinian flag as pro-Hamas demonstrators protest next to the Greek parliament, amid the ongoing conflict between Israel and Hamas, in Athens, Greece, May 7, 2024. Photo: REUTERS/Alkis Konstantinidis
An Israeli restaurant in Athens, Greece, was vandalized on Saturday night in one of the latest incidents amid a surge of antisemitic attacks across Europe, prompting a police investigation into the suspected hate crime.
In a video shared on social media, a group of six individuals can be seen entering King David Burger — a local kosher restaurant that opened just a month ago — scattering pamphlets and spraying black paint across walls, tables, and other surfaces throughout the establishment.
Restaurante israelí en Atenas atacado po pro-palestinos
Otro caso de acoso a una empresa israelí, esta vez en Atenas. El restaurante King David Burger de la capital griega, propiedad de un israelí, fue atacado anoche.
Un grupo de activistas propalestinos llegó al restaurante y,… pic.twitter.com/YGiqLBRNAF
— ITON GADOL es Israel y las comunidades judias (@Itongadol) July 13, 2025
The group of pro-Palestinian activists shouted antisemitic slurs and vandalized the establishment with graffiti, including slogans such as “No Zionist is safe here.”
The attackers also posted a sign on one of the restaurant’s windows that read, “All IDF soldiers are war criminals — we don’t want you here,” referring to the Israel Defense Forces.
According to local reports, many Israelis in Athens gathered outside the restaurant after the attack, with some singing “Am Israel Chai” (“The People of Israel Live”) as a show of solidarity.
The restaurant owner urged local authorities in Athens to take swift action and hold the perpetrators accountable.
“It would be a shame for the Israelis to leave Athens,” Zvika Levinson, the restaurant’s owner, told Israel Hayom. “But if authorities don’t act, the situation will not be good.”
Police reportedly told the owner that without clear identification of the individuals in the video, they are unable to make any arrests.
Since the Hamas-led invasion of and massacre across southern Israel on Oct. 7, 2023, antisemitic incidents have surged to alarming levels across Europe. This recent attack is just one of the latest in a wave of anti-Jewish hate crimes that Greece and other countries have witnessed in recent months.
Last month, an Israeli tourist was attacked by a group of pro-Palestinian activists after they overheard him using Google Maps in Hebrew while navigating through Athens.
When the attackers realized the victim was speaking Hebrew, they began physically assaulting him while shouting antisemitic slurs.
Although local police arrived promptly, a large crowd had already gathered outside the restaurant where the victim had sought shelter.
At first, authorities mistakenly arrested the victim, accusing him of the attack. However, after video footage clarified the situation, they apologized and took him to the nearest hospital.
The post Kosher Israeli Restaurant Vandalized in Athens Amid Surge in Antisemitic Attacks Across Europe first appeared on Algemeiner.com.
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NYC Mayor’s Office Accuses Comptroller of Aiding BDS With ‘Withdrawal’ of Millions From Israel Bonds

New York City Mayor Eric Adams attends an “October 7: One Year Later” commemoration to mark the anniversary of the Hamas-led attack in Israel at the Summer Stage in Central Park on October 7, 2024, in New York City. Photo: Ron Adar/ SOPA Images via Reuters Connect
The office of New York City Mayor Eric Adams has accused Comptroller Brad Lander of pushing a political agenda and advancing the anti-Israel boycott, divestment, and sanctions (BDS) movement by withdrawing tens of millions of dollars in city pension funds from bonds issued by the Jewish state.
In a letter to Lander dated July 10 and first shared with the media on Sunday, First Deputy Mayor Randy Mastro demanded a full accounting of the comptroller’s decision-making regarding the investments in Israel Bonds.
New York City’s holdings in Israel-issued bonds have plunged from “tens of millions of dollars” to just $1.2 million in the Police Pension Fund during Lander’s tenure, reversing a longstanding pattern of reinvestment stretching back to 1974, according to the letter.
Lander subsequently confirmed to The Forward that city pension funds currently hold no investments in Israel Bonds, noting the purchase by the Police Pension Fund was made by a fund manager but has since been sold.
Mastro wrote that Lander’s decisions “appears to be in furtherance of [the] BDS campaign, regardless of the adverse financial consequences for city pensioner.”
The BDS movement seeks to isolate Israel on the international stage as the first step toward its elimination. Leaders of the movement have repeatedly stated their goal is to destroy the world’s only Jewish state.
City records show that Israel Bonds, historically yielding approximately 5 percent annually, outperformed many alternatives, and critics such as Mastro have argued the abrupt exit is financially irresponsible.
Meanwhile, Adams has promoted his own pro-Israel push, noting last month’s formation of the inaugural New York City–Israel Economic Council aimed at boosting trade and innovation with the Jewish state. In a press event, Adams repudiated Lander, saying that the comptroller “was elected to safeguard New York City’s financial future, yet he continues to pander to the antisemitic BDS movement at the expense of taxpayer dollars and our city’s best interests. New Yorkers deserve to know why.”
Lander’s office swiftly defended the move, describing it as consistent with a longstanding policy to avoid foreign sovereign debt, rather than a targeted divestment linked to Israel.
“Lander has never divested,” a spokesperson for Lander said in March, noting at the time that the city continued to hold over $400 million in investments in Israeli companies.
As of May, Lander said city pension funds still held more than $315 million in Israel-based assets, mostly in common stock and some in Israeli real estate investment trusts.
Lander, who is Jewish, claimed that his predecessors made “politically motivated choices” to treat Israel in a more “favorable way” than other countries.
“As a Jew, I am proud that we have these investments in Israel,” Lander told The Forward. “But I’m not allowed to make investments for that reason. They have to make financial sense to be consistent with our policies and my fiduciary duty.”
A representative for the comptroller told the New York Post that Mastro’s accusations are a “cynical effort by the Adams administration to weaponize antisemitism against the highest ranking Jewish elected official in New York City government.”
The battle has reverberated across New York City’s political landscape, tapping into deep divisions over foreign policy, fiscal stewardship, and community allegiance. Adams, running as an independent for reelection this fall, is courting Jewish constituents and warning Lander’s withdrawal of bonds signals “pandering” to anti-Israel sentiment.
Lander stoked outrage among the Big Apple’s Jewish community when he recently aligned with Zohran Mamdani, a progressive firebrand who backs the BDS movement and is running for mayor. Lander’s support for the anti-Israel politician has raised scrutiny regarding his motives in ending investments into Israeli bonds. Zionist advocacy groups and pension experts are demanding transparency, questioning whether the city actually missed out on returns typically delivered by Israel Bonds.
Although Lander has repeatedly affirmed his belief in Israel’s “right to exist,” he has suggested that controversial slogans such as “globalize the intifada” might not be inherently supportive of violence. He has also refused to defend Israel from accusations of committing “genocide” in Gaza, saying that he believes the word is offensive to the Jewish community because it evokes memories of the Holocaust.
Mastro’s letter sets a July 17 deadline for full documentation of Lander’s policy concerning Israel Bonds.
The post NYC Mayor’s Office Accuses Comptroller of Aiding BDS With ‘Withdrawal’ of Millions From Israel Bonds first appeared on Algemeiner.com.