Gaming regulators monitoring Adelson Review-Journal buy
By Howard Stutz, Las Vegas Review-Journal
State gaming regulators are monitoring the issues surrounding the purchase of the Las Vegas Review-Journal by the family of Sheldon Adelson, the majority shareholder in casino giant Las Vegas Sands Corp.
Gaming Control Board Chairman A.G. Burnett cites Nevada gaming regulations and the state’s public policy covering gaming license holders in saying regulators have the right to look into the transaction.
The agency has previously questioned the outside investments of gaming license holders. On 2014, the Control Board ruled that gaming license holders couldn’t become involved in the state’s medical marijuana business because the drug remains illegal under federal law.