The Las Vegas Review-Journal has announced that it has a new owner, yet not perhaps the staff knows who it really is.
Did Sheldon Adelson, whose Las vegas, nevada casino the Venetian is readying for tonight’s final GOP debate, purchase the Las Vegas Review-Journal? Many are saying ‘yes,’ but no one but the buyer him or herself knows for certain at this juncture.
The $140 million price tag for Nevada’s main newspaper would be change that is chump the billionaire, of course. But as city news sources go, it is considered lot at any given time when the print publishing industry is in decline.
However the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not really apparently the newspaper’s staff, knows the identity of the brand new owner.
What we do know is this: last Thursday, a company called Information + Media Capital Group paid method over market value to manage the newspaper from its previous owner, New Media Investment Group, which had bought it earlier in the 12 months just for $102 million.
Who owns the really recently incorporated News + Media Capital Group have not also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at addressing the bottom of story, scratching their minds.
‘Don’t Stress About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on last week not to ever be concerned about the identification of their new owner.
‘They want you to focus in your jobs … do not worry about who they really are,’ Schroeder reportedly said.
He also assured them that the owners that are new not interfere with the newspaper’s editorial control, although an article posted on the RJ website that evening was reedited to eliminate references towards the reality that the new owners were unknown, at the request of Schroeder.
The timing of the purchase associated with the most dominant news socket in Nevada, an early-voting swing state, combined with high cost compensated, is fueling speculation that the mystery customer may be a wealthy conservative.
On a trip to the Review Journal‘s head office this week, GOP not-so-frontrunner Jeb Bush mused that possibly it was Donald Trump, although we think he was joking. Ultimately, though, the presidential candidate remained because baffled as average folks.
‘Just finished hour+ @reviewjournal ed board. Only q left unanswered who owns the newspaper?’ tweeted Bush.
A name that has cropped up in lots of speculative media reports is, inevitably, Sheldon Adelson, and definitely the Republican mega-donor appears to be to fit the profile. He owns papers in Israel, where his day-to-day paper that is free Israel Hayom (Israel Today), is really so pro-Netanhayu it has been accused of compromising the foundations of Israeli democracy.
Furthermore, Adelson has a huge stake in the affairs of Las Vegas and Nevada (the first US state to legalize and regulate online gaming), and has vowed which he will spend ‘whatever is necessary’ in their crusade to banish controlled on the web gambling from America.
And meanwhile, Adelson’s people are refusing to answer demands for comments through the various news sources that have contacted them on the matter this week.
But not everyone is convinced that Adelson is behind all this. University of Nevada, Las vegas, nevada history that is associate Michael Green told the Los Angeles occasions that while Adelson ended up being the initial name that came to mind, something does not quite ring true.
‘My immediate idea was, if [Adelson] purchased, he’d have told us already, simply by dint of the fact that he’s been mostly a book that is open’ Green said.
GOP Debate at Sheldon Adelson’s Venetian in Las Vegas Tough on National Security as Candidates Flaunt Defense qualifications
The 5th and final GOP debate of 2015 honed in on dilemmas of national protection after the terrorism attacks in both Paris and San Bernardino, California. All nine main stage candidates, starring Donald Trump front and center, positioned for exposure to exhibit their defense expertise.
GOP debate in Las Vegas: Donald Trump was once more the kingpin at the entire year’s final Republican debate, held at fellow billionaire Sheldon Adelson’s Venetian casino. (Image: John Locher/AP)
Donald Trump reigned supreme once more, at least stature-wise, as the real-estate mogul continues his dominating popularity within the polls. But itwas the senators from Florida and Texas who seemed the many confrontational during the three-hour spectacle, as Senators Marco Rubio and Ted Cruz repeatedly sparred over their Congressional records.
Both fared well, as did Trump, New Jersey Governor Chris Christie, and former Florida Governor Jeb Bush, the latter two scoring a much-needed victory while there was no clear winner, host network CNN declared that Rubio and Cruz.
The debate ended up being mainly balanced and fair, according to the prospects.
The two notable exceptions were Trump attacking the moderators for regularly posing questions against him, and Salem Radio Network talk show host Hugh Hewitt winning the prize for most bizarre debate concern while asking previous pediatric neurosurgeon Ben Carson if he would be comfortable with the ‘death of large number of innocent children’ in bombing ISIS.
Carson’s response was equally strange, mentioning young ones whose heads he had opened for brain surgery later on being grateful he had done so. What?
Sheldon in the Wings
The conversation centered on maintaining America safe, which was noted while the number 1 obligation for the president per repetitive declarations by the candidates. No gambling or fantasy that is daily talk was mentioned, even though the debate was taking place in Las Vegas, the video gaming mecca regarding the United States.
Several celebrities had been in attendance, including Mr. Las Vegas himself Wayne Newton, but the elephant not shown into the room was billionaire Las Vegas Sands owner Sheldon Adelson.
Held within the swing state of Nevada at Adelson’s Venetian resort, governmental insiders believe Rubio could be the favored prospect in the eyes for the gambling tycoon. Adelson gave nearly $100 million in donations to super action that is political (PAC) during the 2012 presidential election, and he is more than more likely to do exactly the same in 2016.
Rumors have also been bandied this week that Adelson will be the mystical buyer of Sin City’s primary news source, the vegas Review-Journal. Many believe the paper, bought for many millions significantly more than its stated value, could be one tool Adelson hopes to sway the important Nevada vote in his desired direction, although the buyer remains shrouded in darkness.
Cruz vs. Rubio
Yesterday Rubio and Cruz both made their cases to persuade voters to their side being a legitimate option that is conservative the outspoken Trump. Adelson is a vital reward to a successful Republican campaign, assuming one isn’t worth $10 billion on a single’s own, as is the frontrunner the Donald.
Rubio, who’s allegedly met with Adelson privately on several occasions, is reportedly the lead candidate to receive his financial backing. However, there are additionally reports that Adelson’s wife Miriam prefers Cruz, and it’s rumored to have led to an argument that is internal the couple.
Cruz talked at the Republican Jewish Coalition’s Spring Leadership Meeting in April at the Venetian, with both Sheldon and Miriam in attendance.
Speculation has additionally surfaced that Adelson isn’t and only Trump being the Republican nominee to rise against the likely Democrat choose Hillary Clinton. Trump tweeted in October that Adelson preferred Rubio because ‘he can mold him into his perfect little puppet.’
That said, Trump and Adelson did fulfill before last night of debate. ‘He’s been a buddy of mine for a long time,’ Trump told the Washington Post. ‘He called to see whether or otherwise not we’re able to meet, and our company is going to meet.’
GVC Chief Kenny Alexander Denies Wrongdoing Over 37Entertainment Claims
GVC Holdings CEO Kenny Alexander denied claims from a Canadian advertising company that his company had reneged on a deal. (Image: Tom Stockhill/ thesundaytimes.co.uk)
GVC Holding’s acquisition of bwin.party was unanimously approved by shareholders today, even as GVC boss Kenny Alexander has been forced to deny claims that his company double-crossed a marketing that is canadian during its negotiations with bwin.
37Entertainment (37E) is believed to possess filed an arbitration claim with the International Chamber of Commerce against GVC for misrepresentation of business through the reneging of solutions on a partnership deal.
37E’s claim states that GVC failed to deliver guaranteed solutions for the launch of two white-label online gambling sites, which were to be operated jointly by the two companies.
The firm claims that GVC constantly delayed the signing of the contract in order to pursue its takeover of bwin.party, before pulling from the deal completely despite 37E having already started operations.
Speaking to Review that is eGaming called the claims ‘spurious’ and ‘without substance,’ adding that the company would ‘robustly defend’ it self.
GVC had previously stated that the claims were without merit, as ‘no formal contract had been reached’ between the two companies.
‘GVC is constantly checking out relationships that are brand new new geographies and not all possibilities reach readiness,’ said a GVC representative last August.
In GVC trumped 888 Holdings for the right to buy bwin.party september for $1.6 billion in cash and stocks. The battle for bwin was an affair that is lengthy since the two online gaming leaders attempted to outmuscle one another with bid and counterbid.
Bwin Shareholders Approve Deal
At one point, negotiations did actually be determined in favor of 888, but GVC’s decision to ditch its initial economic backer, Amaya Inc., and make an alternative solo bid eventually convinced the bwin investors to come on board. Or half of them, at the least.
The bwin board polled its shareholders and found that they were split 50/50 between the offers in the week leading up to the acceptance of the GVC offer. The board was then able to convince a group of majority shareholders to switch sides and choose its preferred option, GVC.
On Tuesday, nonetheless, bwin announced that 99.99 percent of its shareholders voted and only the proposal. Bwin stated in a declaration that the offer still remains susceptible to the satisfaction conditions put down within the scheme document, such as formal sanctioning by the court.