Mark Cuban Champions Casino Resort Proposal to Boost Texas Tourism
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Mark Cuban, the esteemed owner of the Dallas Mavericks, once again voiced his belief that the prosperous Dallas-Fort Worth area would make a perfect market for a casino resort. He encouraged lawmakers from Texas to rethink their position on casino gaming, putting forward arguments about the potential economic and tourism advantages.
During his speech at the Make Your Move Summit held in Frisco, Texas, Cuban pointed out that unlike popular vacation states like California and Florida – home to sandy beaches and Disney theme parks – Texas does not offer many attractive options for leisure travelers. He stated that facilitating the establishment of a casino hotel could potentially invigorate Texas’ somewhat dormant tourist sector. “There’s no real destination in Texas that you save up for. That’s a problem and I believe resort gaming could have a significant impact,” Cuban emphasized.
In the past, Cuban has expressed his desire to construct a new arena for his beloved NBA franchise, envisioning it as the heart of a comprehensive resort in the Dallas-Fort Worth area – an urban hotspot in Texas.
However, the road to legalizing casinos in Texas appears to be a bumpy one. Despite the shifting stance of Gov. Greg Abbott (R-TX) from firm opposition to a more receptive attitude towards casino gaming, a proposed plan to permit a single casino hotel in each of Texas’s seven main metropolitan regions collapsed in May. With the state legislature not convening again until 2025, it seems the path towards a pro-casino Texas remains arduous.
Overcoming this situation would necessitate amending the state’s constitution, requiring a two-thirds majority in both houses. If this comes to pass, voters would have their say in the subsequent election. Current polls suggest a favorable public opinion towards the inauguration of gaming venues.
Mark Cuban has demonstrated an interest in collaborating with Las Vegas Sands, currently the largest gaming company by market capitalization, to bring his Dallas-Fort Worth resort dream to life. The company is in favor of introducing casino gaming to Texas and has extended millions in political funding to champion this cause.
Apart from this casino endeavor, Cuban has also championed the introduction of regulated mobile sports betting in Texas. Reflecting on the enthusiasm that Dallas residents have for sports during the Chase conference, he said, “People get excited about sports here, and it’s a good thing.”
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