NBA Approves Sale of Dallas Mavericks to Families That Run Las Vegas Sands Casino Company

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Patrick Dumont says Las Vegas Sands “here for the long term” in fight for Texas IR

Las Vegas Sands President and COO Patrick Dumont says his company is in Texas for the long-haul as it ups the ante in its fight to bring legalized casino gaming to the Lone Star State. A little over six months since the company first revealed plans to purchase a controlling stake in a major sporting franchise - later revealed to be the NBA's Dallas…

Law ・ 17 June 2024

news4sanantonio.com

Advocates renew push for casino gambling legalization, but face steep uphill climb

SAN ANTONIO - A big push is underway to expand gambling in Texas, with momentum continuing to build after a encouraging showing in the 2023 legislature. The a resort and casino company, is renewing their push to legalize casino gaming in the Lone Star state and to bring destination style resort casinos to the states big cities like Dallas and San…

Politics ・ 21 April 2024

The Dallas Morning News

Adelsons back pro-gambling coalition in push for Texas casinos

The Adelson family of Las Vegas purchased the Dallas Mavericks with the hopes of expanding their gambling empire beyond Nevada to the Lone Star State. Now their company, casino operator Las Vegas Sands Corp., is backing a petition to legalize gambling by the Texas Destination Resort Alliance. The Texas Destination Resort Alliances was established…

Law ・ 05 April 2024

CBS News

New gambling getaway for North Texans opening next month

NORTH TEXAS - North Texans will soon have a new gambling getaway, as final touches are placed on a new casino and resort nearby. The $238 million Choctaw Landing Casino and Resort is expected to open next month in the scenic southeast corner of Oklahoma in Hochatown, which is about a three-hour drive from Dallas. The resort ran an ad in the Super…

Land-based ・ 16 March 2024

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AOL

The consequences of what can happen when a Las Vegas casino owns your NBA team

The same people who re-set the norms on Las Vegas now own and operate the Dallas Mavericks. Mavs fans who want to attend a game at the American Airlines Center should expect to be treated no different than the weekender who stays at the Venetian, or any other Las Vegas Sands (LVS) property. You're not a fan. You're a customer. The two are…

Land-based ・ 24 February 2024

West Island

Las Vegas Sands Eyes $6B Nassau County Casino Resort

Las Vegas Sands Corp., a titan in the gaming industry, outlined ambitious plans for expanding its empire to New York, revealing that a potential casino resort in Nassau County may entail an investment of around $6 billion. This statement comes amid the company's commitment to establishing a new luxurious five-star destination should they secure a…

Industry ・ 26 January 2024

Star Advertiser

Sale of Dallas Mavericks to families behind Las Vegas casino approved

DALLAS >> The NBA today approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the valuation…

Land-based ・ 28 December 2023

CBS News

NBA approves sale of Dallas Mavericks to Miriam Adelson, casino company Las Vegas Sands

DALLAS - 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. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the…

Politics ・ 28 December 2023

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NBA approves sale of Dallas Mavericks to Las Vegas Sands casino company

DALLAS (AP) - 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. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in…

Law ・ 28 December 2023

Seeking Alpha

Dallas casino buzz continues with Las Vegas Sands digging around (NYSE:LVS)

There are more reasons to think that Las Vegas Sands (NYSE: LVS) may have long-term plans to open a casino in the Dallas area. Property records in Dallas indicate that Las Vegas Sands Corp. (LVS) purchased around 100 acres of land near the old Texas Stadium site in the suburb of Irving. The Dallas Central Appraisal District records show the…

Travel ・ 12 December 2023

Schaeffer's Investment Research

Casino Giant's Biggest Investor Sells Massive Stake

Las Vegas Sands Corp (NYSE:LVS) are 3% lower at $46.25 at last glance, after Miriam Adelson, the casino company's largest shareholder, sold $2 billion of stock. The investor said the proceeds will be used to "fund the purchase of a majority interest in a professional sports franchise" with The Wall Street Journal reporting Mark Cuban is selling a…

Finance ・ 30 November 2023

Enfield Independent

Dallas Mavericks owner in talks over sale to Las Vegas casino group

Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino, a person with knowledge of the talks said Tuesday night. The agreement would be in the valuation range of $3.5 billion and take weeks for the league to process, according to the person, who spoke…

Land-based ・ 29 November 2023

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CoStar

Casino Magnates Place Bet on This Man's Texas NBA Team

Gambling-adverse Texas could find itself with two NBA owners with gaming ties after Dallas Mavericks owner Mark Cuban agreed to sell a majority stake of the professional basketball team to the family of billionaire Miriam Adelson, the largest shareholder of one of the world's biggest casino operators. Adelson is the widow of Las Vegas Sands tycoon…

Law ・ 30 November 2023

Review Journal

Las Vegas Sands Corp. gets Nassau Coliseum land

The Nassau County Legislature, the 19-member government entity that oversees Nassau Coliseum land, voted overwhelmingly Monday to transfer 72 acres to Las Vegas Sands Corp. to develop a downstate New York integrated resort with a casino. Following a 5½-hour hearing, the Legislature voted 17-1 with one member absent to transfer the land to the Las…

Law ・ 24 May 2023

The Dallas Morning News

Sports betting, casino gambling gaining Texas momentum, but jackpot unlikely this year

If you bet that proposals allowing sports betting and casino gambling would pass the Texas Legislature, you probably lost - again. But last week's dramatic votes on two gambling proposals reflect that proponents are heading in the right direction. The Texas House passed a bill letting voters decide whether to allow sports betting on their mobile…

Law ・ 20 May 2023

Review Journal

Las Vegas Sands speeding up Marina Bay Sands resort’s renovation project in Singapore

Las Vegas Sands Corp. will speed up its $1 billion renovation of the Marina Bay Sands resort in Singapore. In a proxy statement issued by Sands Friday, ahead of its May 11 annual meeting, Chairman and CEO Rob Goldstein said the project to upgrade two towers at the iconic property is expected to be completed by the end of the year. "Following the…

Travel ・ 07 April 2023

Review Journal

Las Vegas Sands Corp. to build Long Island casino resort

Las Vegas Sands Corp. will bid for one of three downstate New York casino licenses with a proposal to build a multibillion-dollar resort on Long Island, the company announced Thursday. Las Vegas Sands said it has entered into agreements to purchase the long-term lease of the site currently home to the Nassau Veterans Memorial Coliseum. The…

Travel ・ 12 January 2023

localprofile.com

Mark Cuban Wants To Build A Casino Resort In Dallas

Shark Tank star and Dallas Mavericks owner Mark Cuban is interested in opening a casino resort with an NBA arena for the team. Currently, casinos are not legal in Texas. According to Casino.org, Cuban pitched the idea for a multibillion-dollar integrated casino resort with space for a new Mavericks arena. The Las Vegas Sands, which operates…

Travel ・ 20 December 2022

Tyler Morning Telegraph

Mark Cuban has Vegas-like vision for Dallas, new Mavs arena if Texas OKs casino gambling

DALLAS - In recent years, Mark Cuban's vision for a new arena has included a 20-story Madison Square Garden-like structure with window views of Dallas and fans arriving in autonomous cars. Now his plans are substantially larger in scope, grandeur and - he believes - economic windfall for Dallas and Texas. And himself, naturally. "My goal, and we'd…

Law ・ 17 December 2022

Review Journal

Las Vegas Sands Corp. establishes $1 million scholarship program in Singapore

Las Vegas Sands Corp. and its Marina Bay Sands resort in Singapore established a $1 million scholarship program to help build a pipeline of new talent for the hospitality industry in that country. The scholarship is designed to advance hospitality careers in Singapore and capitalize on tourism growth projected over the coming years. "The…

Travel ・ 07 September 2022

Review Journal

Scottish gambler hits $280K jackpot on Strip

Last weekend turned out to be a very rewarding day for Peter Ferguson as he hit a jackpot while playing Ultimate Texas Hold'em on the Strip. Ferguson hit a jackpot of $280007 after being dealt a diamond royal flush on the popular Ultimate Texas Hold'em game Saturday, according to a company statement released Tuesday. The win occurred at The…

Winnings ・ 13 April 2022

Review Journal

Macao gaming revenue dips to an 18-month low

Macao gaming revenue slumped to an 18-month low in March, Macao's Gaming Inspection and Coordination Bureau reported Friday. It was the second month this year that gross gaming revenue was below 2021 levels. The market showed a 6.1 percent rebound in February, thanks primarily to increased visitation during Chinese New Year celebrations. The bureau…

Finance ・ 02 April 2022

World Casino News

Positive pronouncements on Las Vegas Sands Corporation

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of Las Vegas Sands Corporation. According to a story from CDC Gaming Reports, Adelson died at his home in southern California on Monday…

Industry ・ 17 July 2021

Card Player

Mark Cuban Selling Majority Stake In NBA Mavericks To Las Vegas Sands Corp.

A major Las Vegas casino group may be getting into the basketball business. News broke on Tuesday that Mark Cuban is selling a majority ownership stake in the Dallas Mavericks to the Las Vegas Sands Corporation. The deal would still leave Cuban running basketball operations for the NBA franchise, while adding a partner that he's long sought to…

Tournaments ・ 02 December 2023