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Eugene

(61,974 posts) Wed Dec 27, 2023, 06:26 PM Dec 2023

NBA approves sale of Dallas Mavericks to families that run Las Vegas Sands casino company

Source: Associated Press

NBA approves sale of Dallas Mavericks to families that run Las Vegas Sands casino company

BY SCHUYLER DIXON
Updated 4:59 PM EST, December 27, 2023

DALLAS (AP) — The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company.

The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the valuation range of $3.5 billion.

Patrick Dumont, Adelson’s son-in-law and president and chief operating officer of the Las Vegas Sands company, will serve as Mavericks governor. Adelson is the widow of casino magnate Sheldon Adelson.

Cuban is expected to maintain control of basketball operations, and there’s no indication the club will leave Dallas.

-snip-

Read more: https://apnews.com/article/dallas-mavericks-sale-mark-cuban-adelson-f2dff76f286d79a4be0708f7a929b5ce

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NBA approves sale of Dallas Mavericks to families that run Las Vegas Sands casino company (Original Post) Eugene Dec 2023 OP
Casino owners owning a pro sports team... What could go wrong? RockRaven Dec 2023 #1
That horse has already left the barn. bluedigger Dec 2023 #2
Rozelle, O'Brien, and Kuhn are rolling over in their graves underpants Dec 2023 #4
Ah...Maybe the Sin City Saints!!!! Dang, I really liked the TV show. Tikki Dec 2023 #3

bluedigger

(17,091 posts)
2. That horse has already left the barn.
Reply to RockRaven (Reply #1)
Wed Dec 27, 2023, 06:45 PM
Dec 2023

From the story linked above: "Texas already has a billionaire NBA owner who is a casino operator, Houston Rockets owner Tilman Fertitta, who also supports bringing casinos to his home state but has watched lawmakers sink the idea year after year."

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Tikki

(14,565 posts)
3. Ah...Maybe the Sin City Saints!!!! Dang, I really liked the TV show.
Reply to Eugene (Original post)
Wed Dec 27, 2023, 06:53 PM
Dec 2023

Too bad it only ran one Season.


Tikki

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