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Billionaire media mogul officially receives Nevada gaming license

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Billionaire media mogul officially receives Nevada gaming license


The Nevada Gaming Commission on Thursday approved the licensing of media mogul Barry Diller as a director for the MGM Resorts International board of directors.

In a 4-1 vote — the first for new member Abbi Silver — commissioners agreed to license Diller without restrictions after approving a limited two-year license for him in May 2022.

Two years ago, Diller was recommended for approval by the Nevada Gaming Control Board, but between the time of the Control Board recommendation and final commission approval, the Securities and Exchange Commission announced an investigation into insider trading allegations against Diller, his stepson-in-law Alexander von Furstenberg and film studio executive and producer David Geffen.

Diller, appearing at Thursday’s meeting online from New York, said the timing of the purchase of stock in videogame company Activision Blizzard, which later was taken over by Microsoft Corp., was coincidental. He said he, von Furstenberg and Geffen considered Activision to be an undervalued company worthy of their investment.

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Diller and his attorneys told the commission there has been no further contact from the SEC and the U.S. Justice Department about an investigation into the stock trades.

“This matter has reached the end of the map,” one of Diller’s attorneys told commissioners.

Commissioner Rosa Solis-Rainey cast the one vote against Diller’s licensing and she said during the 15-minute hearing that while she had no misgivings about Diller’s character and suitability, she preferred a conditional licensing since the SEC left the possibility of a future investigation open.

The SEC’s email to Diller’s lawyer that Diller authorized be made public says, “must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation.”

Diller is the chairman and senior executive of IAC, a holding company that owns brands across 100 countries, mostly in media and internet, and chairman and senior executive of Expedia Group. He is a former chairman and chief executive officer of several companies, including Fox and Paramount Pictures Corp. Diller also serves on the board of The Coca-Cola Company.

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Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on X.





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Nye County Sheriff urges caution after deadly month on rural Nevada roads

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Nye County Sheriff urges caution after deadly month on rural Nevada roads


A string of deadly crashes in and around Pahrump has prompted Nye County Sheriff Joe McGill to push for more safety measures along dark, sidewalk-free roads.

“The worst penalty is death, if you consider that,” McGill said.

The recent deaths include a single-vehicle rollover on State Route 160 during the morning hours of the last Wednesday in January that killed one person and injured another.

Then, into February, two pedestrians were killed in less than three days.

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The first was a 7 p.m. crash on Quarter Horse Avenue. Investigators believe a 2006 Jeep Liberty was driving on the street when it hit a pedestrian, who was pronounced dead at the scene.

A few days later, this last Saturday, state troopers responded to a crash just after sundown at Charleston Park Avenue. A sedan hit a pedestrian, who was also pronounced dead at the scene.

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Nevada State Police investigators are still investigating both pedestrian cases before more details are released.

McGill said the recent crashes were enough to spur action.

“When the third one came out, I was sitting at home and watching TV. I looked at my wife and I said, ‘We got to do something about this,’” McGill said.

McGill is responding with a reflective vest giveaway, pointing to limited infrastructure as a possible factor. He noted a lack of street lights off State Route 160 and no sidewalks inside the community.

“The only light that you have is the ambient light from houses and cars so it is really dark,” McGill said.

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John Treanor of AAA Nevada said poor visibility can quickly turn dangerous for both drivers and pedestrians.

“It is very easy to be confronted with a situation that you cannot see coming because the visibility might be bad,” Treanor said.

Treanor encouraged pedestrians to carry lights and drivers to be prepared if they end up outside their vehicles in dark conditions.

“Having lights on you. Even carrying a flashlight allows something where a driver can see it,” Treanor said. “If you are a driver, make sure you have the right stuff in your car, in case you do get in a situation where you are on the side of the road and now you are in dark. Make sure you have a kit with some reflectors, some lights. Anything the trunk of your car in case you need it.”

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McGill said vigilance is important even in daylight.

“Any time of the day, you have got to be vigilant. You have to keep aware of your surroundings if you are a walker or on a bicycle or if you are the driver,” he said.

Authorities also urged caution as more people may pull off roads in rocky areas along the route toward Death Valley National Park during springtime blooms, increasing the need for drivers and pedestrians to stay alert.

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for  Million


A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market. 

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com. 

Mansion Global Boutique: Book Lovers Rejoice: 8 Must-Haves To Build Your Perfect Reading Nook

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show. 

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show. 

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There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information. 

MORE: Visited by Kings and Larger Than Manhattan, Giant Scottish Estate Asks £67 Million

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal. 

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market. 



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Green Valley edges Liberty in Class 5A softball — PHOTOS

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Green Valley edges Liberty in Class 5A softball — PHOTOS