Casino industry legend Sheldon Adelson confirmed Thursday that he is the new owner of the Las Vegas Review-Journal, ending a bizarre week of confusion and speculation as to who had just acquired Nevada’s largest newspaper.
“We understand the desire of the hard-working staff at the R-J and others in the community to know the identity of the paper’s new owners, and it was always our intention to publicly announce our ownership,” said a statement by the Adelson family published in the Review-Journal, whose reporters had been working frantically to determine who their new boss is.
In a strange move that triggered the ire of the paper’s staffers and an avalanche of criticism from media ethicists, Adelson’s newly incorporated company, News + Media Capital Group, bought the paper for $140 million last week and chose to keep the company’s ownership unidentified.
The only name that appears in the filing papers — Michael Schroeder, CEO of Central CT Communications and a manager of the new company — repeatedly declined to comment on the purchase or who’s backing the deal.
Adelson Shuts Out Online Poker News Reports from Venetian Poker Room Online Poker News - Sheldon Adelson’s stance against online poker is no secret by now, and his strong and very rich opinion has some people nervous. Adelson, CEO of Las Vegas Sands, makes it very clear just how far he’s willing to go to “protect” the US from online gambling. He’s […]
Adelson May Still Buy Online Gambling Ban This Year Would $20 million be enough to buy enough U.S. Senators to get a law passed before the New Year that will benefit your business interests? Apparently Las Vegas Casino magnate Sheldon Adelson thinks so.
He’s become a human ATM machine for the Republican Party this year, having donated […]
Adelson’s Sands Bethlehem Fined for Underage Gambling Pennsylvania casino regulators approved fines Wednesday against the operator of Sands Casino Resort Bethlehem for three alleged incidents of visitors under age 21 on the gaming floor.
Sands Bethworks Gaming LLC faces fines totaling $39,000, according to the Pennsylvania Gaming Control […]