The move would put another casino owner in the NBA and possibly push Texas closer to legalized sports betting and resort gambling - a move state lawmakers have so far opposed. The parties hope to receive approval from the NBA board of governors and finalize the deal by the end of 2023, according to a statement released Wednesday by Sands. In the deal, Cuban will retain control of basketball operations.

On Wednesday, the Adelson and Dumont families, who own Las Vegas Sands, confirmed they're in a binding purchase agreement to acquire a majority ownership stake in the Mavericks, putting Cuban in direct partnership with the casino empire. In 2022, Cuban publicly floated an idea of partnering with the Las Vegas Sands organization to build a casino resort in the Dallas area that included a sports arena. Mark Cuban and the Adelson family push for Texas gamblingĭallas Mavericks owner Mark Cuban, a longtime proponent of sports betting, has bigger dreams for gambling in Texas. 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

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