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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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Centennial vs. Liberty: Watch Nevada girls high school basketball showdown live

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Centennial vs. Liberty: Watch Nevada girls high school basketball showdown live


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The defending 5A state champion Centennial Bulldogs (7-3) open conference play with a challenging road test Wednesday night when they travel to Henderson to face the Liberty Patriots (10-7) in a Nevada 5A Southern basketball clash.

Coach Karen Weitz’s Bulldogs, seeking their second consecutive state title, will rely on their formidable frontcourt duo of forwards Nation Williams and Inieye Oruh, complemented by standout guard Sanai Branch. They will face a Patriots squad that has shown marked improvement under head coach Lorenzo Jarvis, powered by senior leaders Samantha Chesnut and Kiana Harworth alongside junior standout Neviah Nick.

With Liberty’s home court advantage potentially neutralizing Centennial’s championship pedigree, this early conference matchup could set the tone for both teams’ title aspirations in the competitive 5A Southern division.

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Opening tipoff is set for 6:30 p.m. PT on Wednesday, January 7 with a live TV broadcast on NFHS Network.

• WATCH: Centennial vs. Liberty basketball is livestreaming on NFHS Network

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How to watch Centennial vs. Liberty basketball livestream

What: Defending champ Centennial faces resurgent Liberty in 5A Southern showdown

When: Tipoff is set for 6:30 p.m. PT on Wednesday, January 7

Where: Liberty High School | Henderson, Nevada

Watch live: Watch Centennial vs. Liberty live on the NFHS Network



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Tahoe man loses $20K at Nevada casino and threatens to bomb facility before arrest, police say

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Tahoe man loses K at Nevada casino and threatens to bomb facility before arrest, police say


(FOX40.COM) — A man who lost $20,000 at a Nevada casino was arrested after he threatened to bomb the facility, according to law enforcement. • Video Above: History of Gambling in the U.S. Around 9:50 p.m. on Monday, the Douglas County Sheriff’s Office responded to Harrah’s Casino after reports of a bomb threat. Deputies were […]



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2025 worst year for home sales in Southern Nevada since 2007, report says

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2025 worst year for home sales in Southern Nevada since 2007, report says


Home prices in Southern Nevada dropped from record highs to end 2025 and less homes sold last year compared with 2024.

Approximately 28,498 existing homes sold in the region last year, which is down almost 9 percent from the 31,305 homes that sold in 2024, according to trade association Las Vegas Realtors, which pulls its data from the Multiple Listing Service. This is the lowest number of homes sold in a year in Southern Nevada since 2007 right before the Great Recession.

The median sale price for a house sold in Southern Nevada in December was approximately $470,000, a 3.9 percent drop from November, according to LVR. By the end of December, LVR reported 6,396 single-family homes listed for sale without any sort of offer. That’s up 28.8 percent from one year earlier.

Despite a down year in sales, the local market did end on a high note.

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George Kypreos, president of Las Vegas Realtors, said he is optimistic the housing market could turn around this year. The LVR report noted that home sales in Southern Nevada have seen “peaks and valleys” in recent years, generally declining since 2021 when a record 50,010 properties sold.

“Although it was a relatively slow year for home sales, we’re seeing some encouraging signs heading into the new year,” said Kypreos in a statement. “Buyer activity locally and nationally is starting to improve. Home prices have been fairly stable, and mortgage interest rates ended the year lower than they were the previous year. Most trends are pointing to a more balanced housing market in 2026.”

Freddie Mac currently has the average price for a 30-year fixed-term mortgage rate at 6.1 percent. That mortgage rate has not gone below 6 percent since 2022.

The all-time high median home sale price in Southern Nevada was broken multiple times last year, and currently sits at $488,995 which was last set in November while the condo and townhome market has dropped substantially from an all-time high that was set in October of 2024 ($315,000) to $275,000 to end 2025.

Major residential real estate brokerages are mixed as to where the market will head this year as Zillow, Redfin and Realtor.com have all put out their 2026 projections, and they expect a similar market to 2025. Mortgage rates aren’t expected to drop enough next year to unlock the country’s housing market, new builds will continue to lag, and prices will remain relatively elevated.

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Realtor.com said in its report that it predicts a “steadier” housing market next year and a slight shift to a more balanced market. Redfin’s report says 2026 will be the year of the “great housing reset,” which means the start of a yearslong period of “gradual increases in home sales and normalization of prices as affordability gradually improves.”

Finally, Zillow said the housing market should “warm up” in 2026 with “buyers seeing a bit more breathing room and sellers benefiting from price stability and more consistent demand.”

Contact Patrick Blennerhassett at pblennerhassett@reviewjournal.com.



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