Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Buyer

The Las Vegas Review-Journal has announced it is that it has a new owner, but not even the staff knows who.
Did Sheldon Adelson, whose nevada casino the Venetian is readying for today’s final GOP debate, buy the Las Vegas Review-Journal? Most are saying ‘yes,’ but no one but the buyer him or herself knows for sure at this juncture.
The $140 million price tag for Nevada’s main newspaper would be change that is chump the billionaire, of program. But as town news sources go, it’s considered lot at the same time whenever printing publishing industry is in decline.
Nevertheless the mystery surrounding the purchase is what really has folks talking, as nobody, not even apparently the newspaper’s staff, knows the identification of the new owner.
That which we do know is this: final Thursday, a business called Information + Media Capital Group paid way over market value to manage the newspaper from its previous owner, New Media Investment Group, which had bought it previously in the year for just $102 million.
Who owns the really recently incorporated News + Media Capital Group has not also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the base of a whole story, scratching their minds.
‘Don’t Worry About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on final not to worry about t (more…)
Florida Agrees $3.1 Billion Contract with Seminoles

Florida governor Rick Scott hails the biggest tribal rev-sharing in history as dispute with Seminoles is placed to bed.
The Seminole Tribe’s political standoff with Florida governor Rick Scott was finally resolved this week following a deal which will see the Seminoles pay $3.1 billion to the state over seven years in return for the best to offer craps and roulette.
It is believed to be the biggest tribal rev-share agreement in the US, dwarfing the cut received by the state under the terms of the agreement that is previous.
Florida inked a deal utilizing the Seminoles in 2010 which provided the tribe exclusivity on blackjack in the continuing state in exchange for $1 billion, spread over five years.
The deal additionally prevented the expansion of slots gambling beyond that which already existed at a few of pari-mutuel racetracks, providing the Seminoles a stranglehold on the slots market.
This agreement expired on August 1 this year, and the two parties have been negotiating from the time.
No Expansion for 20 Years
The Seminoles, who own seven properties in the Sunshine State, will be prohibited from expanding their operations for an interval of two decades. And while gaining the directly to offer craps and roulette, the operator that is tribal relinquish its monopoly on blackjack and slots.
This allows the expansion of blackjack into the Miami-Dade and Broward racinos and up to 750 slots at other venues such because the Pa (more…)