Sheldon Adelson Dismisses Speculation He’s Mystery Owner of Las Vegas Review

The newspaper was purchased last week by News + Media Capital Group LLC, which is backed by “undisclosed financial backers with expertise in the media industry”, the newspaper reported.

A headline in the Las Vegas Review Journal Wednesday evening reads: “Adelson son in law orchestrated family’s purchase off Las Vegas Review-Journal”.

“With the significant role media plays in a community, it is the responsible thing to be transparent and let the public know who owns the state’s largest newspaper”, she said in a statement.

That’s around $38 million more than New Media Investment Group paid in March for all of Stephens Media LLC, a national chain of newspapers that included the Review-Journal, eight other dailies and 65 weekly newspapers.

“New boss said ‘Focus on your jobs, ‘” wrote Colton Lochhead, a Review-Journal reporter covering the Nevada city of Henderson, in a tweet linking to the newspaper’s Adelson story.

According to the RJ, its sources confirmed that on behalf of Adelson, his son-in-law arranged the $140 million purchase.

Adelson, a major GOP donor, had said at the debate that he had “no personal interest” in ownership.

On Wednesday night, after investigating itself, the newspaper published its answer: Sheldon Adelson, the billionaire business magnate and Republican party “super donor”.

Adelson, who has donated more than $100 million to nearly exclusively conservative political causes, including more than $92 million alone in the 2012 presidential election to try to defeat President Barack Obama in his reelection, has not been shy about using his Isreali newspapers as a political cudgel.

Dumont is listed as a senior vice president at Las Vegas Sands Corp., of which Adelson is chairman & Chief Executive Officer.

Doctor said Adelson’s buy could be a sign of a new kind of newspaper owner: the political buyer. Jon Ralston, the well-connected Nevada political journalist, was told something similar, he said on Twitter.

It’s not clear why the Review-Journal’s new owners wanted to maintain anonymity, but with a newsroom full of journalists (not to mention media reporters around the country) scrambling for the scoop, their identities did not stay secret long. “We believe in this community and want to help make Las Vegas an even greater place to live”.

The debates were held at Adelson’s Venetian Las Vegas. U.S. Sen. Harry Reid, talking Tuesday to reporters in Washington, also hinted at the casino mogul, who owns an Israeli newspaper. It declined to reveal the identity of the new buyer.

Adelson has a net worth of almost $25 billion and has pledged to spend “whatever it takes” to ban online casino games nationwide.

“People are both mystified and outraged and just trying to figure out the motivation for keeping the secret”, Ralston said in an interview Wednesday.

“We’re all concerned about the identity of the investors, and they’re expressing their concerns”, said Hengel, who referred further comments to Gatehouse boss Mike Reed.