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US: LVS billionaire wants antitrust suit tossed

By  |  November 3, 2019

Los Vegas Sands (LVS) billionaire and owner of the Las Vegas-Review Journal (LVRJ) Sheldon Adelson has entered a motion to dismiss an antitrust lawsuit filed in September by The Las Vegas Sun, which accuses him of orchestrating a “calculated scheme” to monopolize the Las Vegas newspaper industry.

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    The 86-year-old recently returned to work after receiving treatment for non-Hodgkins lymphoma and was present at LVS’s earnings call of last week for the first time in months.

    The Las Vegas Sun suit claims that Adelson — after purchasing LVRJ anonymously in 2015 — set out to “strangle the sole remaining competitor and dissenting voice” in the Las Vegas newspaper industry in order to achieve a “100 percent monopoly.”

    Adelson, in his motion to dismiss, called the suit “epic in its hypocrisy” and “filled … with ad hominem attacks and gratuitous references to defendants’ conservative views in the apparent hope this Court will rule on politics, not the merits.”

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