One of the most powerful men in Las Vegas is in hot water with a local newspaper. According to several reports, Sheldon Adelson is being sued by the Las Vegas Sun. The popular newspaper claims the casino mogul is attempting to “monopolize” the Las Vegas news industry.
Today, we’re going to look at why exactly the Las Vegas Sun is taking legal action against Adelson. We’ll also talk about the newspaper’s decision to sue the Las Vegas Review-Journal, as well. Let’s get into it!
The Las Vegas Sun and LVRJ’s Recent Quarrel, Explained
Las Vegas is home to two main newspaper companies, the Las Vegas Sun and the Las Vegas Review-Journal. These two companies are fierce competitors, yet since 1989, they’ve been bound by an official Joint Operating Agreement (JOP) that allows them to “combine production, marketing, distribution, and sales, provided they remained competitive and editorially independent of one another.” Unfortunately, the LVRJ seems to have backed out of this agreement.
The Las Vegas Sun is now taking legal action against the Review-Journal. This company claims that by backing out of the JOP, the Las Vegas Review-Journal is making it impossible for the Sun to stay afloat. According to the Las Vegas Sun, this is all a part of Sheldon Adelson’s plan.
Back in 2015, Adelson anonymously purchased the LVRJ. It wasn’t until reporters within the company underwent their own investigation that Adelson’s ownership was revealed. All of the journalists working on this report eventually left the company.
The Las Vegas Sun believes that Adelson’s goal is to control the flow of information within Las Vegas. The company is now officially suing the LVRJ for backing out of its JOP. They’re also suing Adelson, who they claim is unlawfully monopolizing the city’s news industry.
Sheldon Adelson is Being Sued By the Las Vegas Sun
Sheldon Adelson is one of the most powerful men in the gambling industry. The 86 year old casino mogul is the CEO of Las Vegas Sands. His company owns and operates many different casinos around the world, including several in Las Vegas and Macau.
Adelson’s purchase of the Las Vegas Review-Journal was criticized by many. The Las Vegas Sun, in particular, feel that his ownership of this newspaper violates the first amendment. In the recent lawsuit, the Sun gives its opinion on Adelson’s ultimate goal.
“Defendant Sheldon Adelson has been a long-time enemy of the First Amendment and the press,” the lawsuit claims. “For decades, he has filed and prosecuted one frivolous and ultimately unsuccessful defamation case after another. His object has always been clear: chill free speech and silence those that would speak out against him.”
That’s a major statement to make. Officials at the Review-Journal believes this new lawsuit is only being made because of the company’s decision to remove itself from the 1989 JOP. Benjamin Lipman, vice president of the LVRJ, claims that the company intends to “fight the case and we’re confident we will succeed…”
Sheldon Adelson Continues to Push into Japan
Sheldon Adelson is being sued by the Las Vegas Sun, yet it’s unlikely to have much of an impact on his company’s day to day operations. For months, Las Vegas Sands has been working hard to break into the newly emerging Japanese casino market. Last year, officials in Japan passed a bill to allow three casino-resorts in the country.
Nearly all of the top US casino companies are now working to obtain a license to operate one of these Japanese casinos. Many gambling analysts predict Japan will be one of the most lucrative casino markets in the world. Las Vegas Sands has recently claimed that it’s interested in opening in a casino-resort in either Tokyo or Yokohama.
The company is also continuing to invest in its Macau properties, which have been losing revenue for the majority of 2019. China’s trade war with the US has hurt Macau’s economy and many gambling operators in the territory are experiencing monetary losses. Las Vegas Sands isn’t deterred and continues to put billions of dollars into its Macau casino-resorts.
We’ll need to see how this new legal battle plays out. As we’ve already mentioned, many believe that Sheldon Adelson is being sued for his attempts to monopolize the Las Vegas news industry. If the Las Vegas Sun can successfully argue this in court, we may him forced to give up ownership of the Review-Journal.
Make sure to stay tuned for more Las Vegas news over the next few months!