Adelson and Dumont families plan to build an entertainment district with casinos in Dallas
The Adelson and Dumont families of Las Vegas Sands Casino have announced the purchase of a majority stake in the Dallas Mavericks
The Adelson and Dumont families of Las Vegas Sands Casino have announced the purchase of a majority stake in the Dallas Mavericks and the right to serve as Governor of the franchise.
Miriam Adelson and her son-in-law, Patrick Dumont, president of the company, expressed their commitment to further invest in the team, working with Mark Cuban to build the team’s success.
In addition to the purchase, they are discussing an ambitious project to build an entertainment district with casinos in Dallas, which would include a new arena for the Mavericks.
Cuban, who bought the Mavericks in 2000, will retain a stake in the franchise and continue to control basketball operations. This deal, valued at around $3.5 billion, is pending approval by the NBA Board of Governors.