Gambling isn't legal in Texas, and efforts to legalize it face steep odds. Adelson is the widow of casino magnate Sheldon Adelson.Ĭuban is expected to maintain control of basketball operations, and there's no indication the club will leave Dallas.Ĭuban has said he wants to partner with Las Vegas Sands on a long-range plan of building an arena in downtown Dallas that also would include a hotel and casino. Patrick Dumont, Adelson's son-in-law and president and chief operating officer of the Las Vegas Sands company, will serve as Mavericks governor.
The purchase is at a valuation in excess of $4 billion, sources told ESPN's Tim MacMahon on Wednesday. The deal was approved just shy of a month after the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. NBA approves sale of majority stake of MavericksĭALLAS - 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. You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser
