Nevada regulators watch Nevada newspaper sale

Nevada regulators watch Nevada newspaper sale

December 30th, 2015 by Staff and Wire Reports in Business Around the Region

FILE - In this Thursday, Dec. 17, 2015, file photo, an exterior sign for the Las Vegas Review-Journal is seen in Las Vegas. The family of billionaire casino mogul and GOP kingmaker Sheldon Adelson confirmed in a statement to the Las Vegas Review-Journal that they are the new owners of Nevada's largest newspaper. (AP Photo/John Locher, File)

Photo by The Associated Press /Times Free Press.

LAS VEGAS — The sale of Nevada's largest newspaper to the family of billionaire casino-mogul Sheldon Adelson has gambling regulators watching.

Nevada Gaming Control Board Chairman A.G. Burnett confirmed Tuesday the agency is monitoring reports about the recent $140 million sale of the Las Vegas Review-Journal to the Adelson family including questions raised about reporters being assigned to investigate a judge overseeing a lawsuit against Adelson and his Las Vegas Sands Corp.

Burnett says the board's agents regularly monitor gambling companies and licensees are bound by state regulations barring them from engaging in anything that "might reflect discredit on the state." He says there's nothing prohibiting a casino owner from buying a newspaper.

The newspaper's executives originally refused to identify the new owners. Review-Journal reporters later independently revealed Adelson's son-in-law facilitated the deal.

Jason Taylor, a former president of the Chattanooga Times Free Press, is publisher of the Review-Journal.