“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
According to the SEC filing, Dr. Miriam Adelson is buying a majority interest in the NBA team, which is owned by billionaire Mark Cuban.
Shaquille O’Neal is looking to cash in on his luxury Las Vegas home. The 7-foot-1-inch basketball Hall of Famer put his 4,824-square-foot house near Sunset Park on the market this month.
The annual NCAA college basketball “March Madness” tournament won’t have any games in Las Vegas, but that doesn’t stop thousands from coming to watch and bet on games.
Shaquille O’Neal, after opening a chicken sandwich shop near the Strip, has bought a house in Las Vegas, records indicate.