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Casino mogul Sheldon Adelson pulls out of deal for Raiders' move to Las Vegas

LAS VEGAS -- Casino mogul Sheldon Adelson has pulled out of a plan to build a $1.9 billion domed stadium for the NFL's Oakland Raiders to move to Las Vegas.

In a terse statement on Monday, Adelson declared that he had been excluded from talks before the team sent a lease proposal last week to the public board that will own the 65,000-seat stadium.

Adelson's name was not part of the Raiders relocation application, according to a source.

Adelson says his family and Las Vegas Sands "will no longer be involved in any facet" of the plan.