Nevada Casino Regulator Monitors Las Vegas Review-Journal Sale to Adelson Family

Nevada Casino Regulator Monitors Las Vegas Review-Journal Sale to Adelson Family

The Nevada Gaming Control Board is watching closely the purchase of the Las Vegas Review-Journal to casino mogul Sheldon Adelson and his household, neighborhood media reported.

Citing state video gaming regulations, A.G. Burnett, Chairman associated with regulator, explained that the Board has the right to investigate the transaction, provided the name of a prominent gambling figure is tangled up in it. Mr. Adelson being tangled up in the purchase associated with news socket just isn’t a precedent for a gaming permit holder to be the owner also of a publication. Up to 2014, Brian Greenspun, publisher associated with Las Vegas Sun, owned particular small casinos across the state.

The Las Vegas Review-Journal’s purchase attracted a significant large amount of attention even before it became clear that Mr. Adelson ended up being somewhat involved in it. The $140-million transaction had been closed and established on December 10 and Delaware-based firm News + Media LLC was listed since the book’s new owner. A week later, the Las Vegas Review-Journal revealed that Patrick Dumont, who is, by possibility, Mr. Adelson’s son-in-law, ended up being behind the deal that is multi-million-dollar.

It is still not clear what the newspaper’s new owner would do with it but numerous suggested that the casino mogul might use it to influence the gambling industry. Mr. Adelson, Chairman of casino giant Las Vegas Sands, is famous to be a staunch opponent regarding the legalization of on line gambling in the States. Continue reading “Nevada Casino Regulator Monitors Las Vegas Review-Journal Sale to Adelson Family”