Miriam Adelson is the largest shareholder in Sands following the death of her husband Sheldon in 2021. The company specializes in large resorts that integrate hotels, casinos, convention space and entertainment. Sands, one of the largest casino operators in the world, has been trying unsuccessfully to convince Texas to legalize casino gambling for years. The purchase values the team at $3.5 billion, according to a person familiar with the terms who asked to not be identified. ![]() “We believe that with this partnership and our commitment to the team, the community and the fans, the future is bright for the Dallas Mavericks,” their statement said. The Adelson family confirmed Wednesday that they were buying a majority stake in the team, targeting an end-of-year closing, subject to approval by the league’s board of governors. Sands management sees benefits in owning a team and casino in the same city, since both involve large developments and attracting crowds, according to a person familiar with the company’s thinking. ![]() (Bloomberg) - Mark Cuban’s discussions to sell a majority stake in his Mavericks NBA team to Las Vegas Sands Corp.’s Adelson family began with talks to build a casino and arena complex in Dallas.
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