“The families are targeting a closing of the transaction by year-end, subject to the satisfaction of customary closing conditions and approval of the NBA Board of Governors,” said a statement released by the Adelson and Dumont families.
Basketball
Over time, former NBA Commissioner David Stern has changed his outlook on gambling, describing that journey in a one-hour talk Thursday with American Gaming Association President and CEO Geoff Freeman just before the close of the four-day Global Gaming Expo at The Venetian.
The NBA’s lifetime banishment on Tuesday of Donald Sterling as owner of the Los Angeles Clippers was not enough for Mandalay Bay to maintain its business relationship with the team.
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